20041102Application.pdf

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UTIL i TIES COf"!f"IISSION
10-20-04
TO: IDAHO PUBLIC UTILITIES COMMISSION
FROM: ISRAEL RAY
ATLANTA POWER CO.
11140 CHICKEN DINNER RD.
CALDWELL, ID 83607 rt II --L~ 0'-/-' Cl/
TO WHOM IT MAY CONCERN;
THIS LETTER IS A FORMAL REQUEST BEFORE THE IDAHO PUBLIC
UTILITIES COMMISSION FOR ATLANTA POWER TO SECURE A NEW LOAN FROM
ERIC R. ALBERDI ~ PO BOX 2778 , HAILEY i 10. 83333 , PHONE # 208-
788-8275. THE LOAN WILL BE THOUGH A LOCKBOX ARRANGEMENT AS WAS THE
LAST LOAN FROM ERIC AND THE INTEREST RATE WILL BE AT 14% PER ANNUM.THE ONLY DIFFERENCES BETWEEN THIS LOAN AND THE LAST LOAN WITH ERIC
IS THE BEGINNING AND ENDING DATES, THE AMOUNT, AND THE FACT THAT THE
LOAN WILL BE FOR SEVEN YEARS WITH A SMALL AMORTIZATION WHICH WILL
BE INTEREST AND $100 PER MONTH FOR THE FIRST THREE YEARS AND THE
BALANCE PAID OVER THE NEXT FOUR YEARS. THIS LOAN IS TO COVER
VARIOUS PURCHASES AND EXPENSES INCURRED BY ATLANTA POWER. THESE ARE
AS FOLLOWS:
1) REIMBURSEMENT FOR WRITING OF GRANT PROPOSAL BY RAY MICKELSON
$2700
2) 1981 CHEVROLET LINE TRUCK WITH 50 FT VERSILIFT BOOM
$13 300
3) RENT ON LINE TRUCK FOR FIVE MONTHS AT $300 PER MONTH
$1500
4) BACKHOE RENT FOR ONE MONTH
$500
5) TEN MONTHS WAGES FOR ISRAEL RAY AT $1800
$18000
6) NEW ENGINE FOR
$3864.94 PARTS
7) MONIES OWED TO
$15937.
1975 INTERNATIONAL LINE TRUCK
$1300 . 00 LABOR AND DELIVERY
ISRAEL RAY AS PER DAVID BRUSH, ACCT.
PG 2
THE LOAN TO COVER THESE EXPENSES WILL TOTAL $57,101.
tW/
ISRAEL RA
PRESIDENT
ATLANTA POWER CO.