The Town of Landis has requested to purchase a quantity of seven (7) transformers from the Town of Cornelius for a total price of $4,414.
The transformers are dual voltage and were used during the conversion of 4 kV lines to 12 kV lines.
The transformers are no longer useful to the Town of Cornelius and would need reconditioning in order to be utilized.
The cost of $4,414 was derived from the initial purchase of $595 each for 6 – 25 KVA units for a total of $3,570 and 1 – 50 KVA transformer at a cost of $844 for a total cost of $4,414.
N.C.G.S. 160A-274 authorizes government entities to exchange real property with each other on terms and conditions it deems wise, with board approval.
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