Number
030883
Version
Original
Reference
Sponsor
The Chair
Title
Resolution authorizing the cancellation of the amount overbilled on invoices due from Union Pacific Railroad (UP Rail) for the years 2000 and 2001. (Port of Milwaukee)
Analysis
This Resolution authorizes the cancellation of the overbilled amounts on 76 invoices billed to Union Pacific Railroad (UP Rail) during 2000 and 2001.
Body
Whereas, The Port of Milwaukee maintains and/or contracts to maintain the railroad tracks which are located on Jones Island which are utilized by Union Pacific Railroad (UP Rail) and Canadian Pacific Railroad (CP Rail); and
Whereas, The agreements with UP Rail and CP Rail allows for the maintenance cost incurred by the Port of Milwaukee to be billed to the railroad companies based on the percentage of use by each railroad company; and
Whereas, The percentage of usage by each railroad company was redetermined jointly with UP Rail and CP Rail for the years 1999 through 2001; and
Whereas, UP Rail and CP Rail agreed to be rebilled for the amounts of maintenance services based on the agreed upon the redetermined percentage of usage and to pay the recalculated amounts due; and
Whereas, Both railroad companies have remitted the outstanding amounts due based upon the recalculation of maintenance services for the years 1999 through 2001; and
Whereas, It was determined that UP Rail was overbilled on 76 invoices in the amount of $82,513.00 during 2000 and 2001; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that said Common Council hereby cancels the outstanding balance of $82,513.00 due on the attached list of invoices due from Union Pacific Railroad.
Drafter
Hattie E. Billingsley
Port of Milwaukee
October 13, 2003