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1962-029 Council Ordinances
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1962-029 Council Ordinances
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9/24/2019 10:56:42 AM
Creation date
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City Council
Council Document Type
Ordinances
Meeting Date
03/25/1962
Council Meeting Type
Regular
Ordinance #
29
Ordinance Title
Amending Ordinance No. 28 Which Grants to the Utlities Commission of the Village of Circle Pines a Non-Exclusive Franchise to Erect, Construct and Operate a Gas Distribution System in the Village of Lino Lakes
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compound with an easily detectable odor in an amount sufficiently <br />noticeable when the gas is released but not sufficient to be harmful to <br />human and animal life or to interfere with combustion. <br />Except as hereinafter provided, gas sold, supplied and delivered under <br />this franchise shall be maintained at a monthly average gross heating <br />value of the number of B.T.U. of heat value par cubic foot fixed in the <br />rate schedule, plus cr3 minus 50 B.T.U. Any change, adjustment or re- <br />piace' .nt of appliances or parts thereof made necessary by the r_-ang e in <br />the vauue of the `is shall be made by the Grantee, at its own expense <br />within thirty (30) ::ays after the change becceles cf. eetive. <br />Cai prc. sure, as meesured at the outlet of the Grantee's service to any <br />ec: sirtL-, sba3."'_ nel;r r be less than four (4) inches of water column, to <br />be det., ine:_ as hey^in provided. The Grantee shall maintain a pressure <br />gauge -..": a pc_nt in the distribution system to be designated by the <br />Village t.-1.cal of average pressure. <br />The standard of service shall be equal to that rendered in the Village <br />of Circle Pines or as prescribed elsewhere herein. <br />SECTION 3, That Section 11 of Ordinance No. 28 is hereby amended <br />so that the same shell hereafter be and read as follows: <br />SECTION 11. Rates charged by the Grantee for service hereunder <br />shall not be higher -ban those charged in tiia Village of Circle Pines, <br />for comparable classes of gas service. The rates to be charged by the <br />Grantee for gas or gas service hereunder, and the standard of service <br />shall be such as may be fixed from time to time by the Gaiar_tee and the <br />Village of Lino Lakes, or such rate making body as may hereinafter be <br />established under the laws of the Sate of Minnesota and given juris- <br />diction thereof, provided that the rates to be charged by the Grantee <br />hereunder are to be reasonable, and shall at all times by such as will <br />yield to it a reasonable return from its property used and useful in the <br />furnishing of gas. The Grantee and the Village agree that under present <br />economic conditions a "reasonable return" of 67. to 6%% after all expense' <br />including depreciation and depatrment service would be fair and reason- <br />ablem provided that so long as there are outstanding bonds or other <br />obligations of the Village of Circle Pines, issued in whole or in part <br />for gas purposes, all conditions and covenants regarding rates and any <br />indentures authorizing the issuance of such securities shall at all <br />times be followed, and nothing in this Gas Franchise Ordinance shall in <br />any way alter such rate covenants, The rates shall be competitive with <br />other suppliers in the area. Notwithstanding anything to the contrary <br />contained in the franchise, the rate provided heretofore stated shall <br />not apply as to interruptible gas service. <br />SECTION 4. That Section 18 of Ordinance No. 28 is hereby amended <br />so that the same shall herafter be and as follows: <br />SECTION 18. Grantee shall cause a cer_::ified public accountant to <br />ascertain in a separate statement the annual net income, on a cash <br />basis, derived from the sale of natural gas within the Village of Lino <br />Lakes under this Gas Franchise Ordinance. Said net income, after de- <br />ducting depreciation and debt service on any and all bonds or other <br />
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