[HISTORY: Adopted by the Board of Trustees of the Village of Potsdam: Art. I, 8-2-1996 by L.L. No. 5-1996. Amendments noted where applicable.]
[Adopted 8-2-1996 by L.L. No. 5-1996]
Pursuant to Article 14-A of the General Municipal Law of the State of New York, the Village of Potsdam does establish and shall own, acquire, lease and/or operate a municipal electric utility service in accordance with the following.
The plant and facilities for such service, to the extent prudent and necessary, shall be acquired by condemnation in accordance with the laws, rules and regulations of the State of New York from Niagara Mohawk Power Corporation or shall be purchased or constructed or leased in accordance with the laws of the State of New York.
The maximum cost of such plant and facilities to be acquired by condemnation from Niagara Mohawk Power Corporation or to be purchased, leased or constructed shall be $24,326,187. The estimated costs thereof are $6,982,779.
The method of furnishing service shall be through a contract or contracts to be entered into in accordance with the laws of the State of New York and/or the development, construction, operation and maintenance by the municipal electric utility of any necessary generation, transmission, distribution and incidental facilities and equipment.
The Village of Potsdam may be assisted in the development and establishment of the municipal electric utility by the Wing Group or other persons or organizations under agreement, which shall:
A. 
Provide all legal, engineering and other professional services necessary and prudent for the establishment of the municipal electric utility; and
B. 
Permit recovery of the costs incurred in connection with the establishment of the municipal electric utility system and a return for services and development costs; such recovery to be derived solely from savings realized over time by the municipal electric utility's retail customers.
This article, being subject to mandatory referendum before taking effect, shall be submitted for the approval of the electors of the Village of Potsdam at the next general election in such village to be held not less than 90 days after the adoption thereof or at a special election called in the same manner as provided for by law, and such article shall duly take effect upon its approval by a majority of the affirmative votes cast on such referendum.[1]
[1]
Editor's Note: These provisions passed at referendum 11-5-1996.