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1974-5271r282 RESOLUTION N0.-5271 RESOLUTION RESCINDING RESOLUTION N0. 5041 OF THE CITY COUNCIL ADOPTED JULY 9, 1973, WHICH RESOLUTION WAS ENTITLED "RESOLUTION AUTHORIZING PARTICIPATION IN THE METRO RATE AUTHORITY; DIRECTING THE EXECUTION AND DELIVERY OF A JOINT POWERS AGREEMENT AND DESIG- NATING A REPRESENTATIVE OF THE CITY AS ITS MEMBER ON THE BOARD OF THE METRO RATE AUTHORITY.." tiJHEREAS, by Resolution Number 5041 of the City Council of the City ` - ~ of Richfield, the city was authorized and directed to participate in a joint and a cooperative agreement for membership of the city in the Metro Rate Authority, and WfiEREAS, the Metro Rate Authority was not organized-because .an insufficient number of metropolitan member communities adopted the proposed uniform electric franchise which. the Metro Rate Authority would have administered, and WHEREAS, the Minnesota legislature has now provided for the regulation of retail electric rates by the Public Service Commission of the State of Minnesota. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota, that Resolution Number 5041 is hereby rescinded. Passed by the Council of the City of ,Richfield this 28th day of October, 1974. ' ATTEST: `Thomas J. Mo ~ n City Clerk Doren L. Law ayor ~~