My WebLink
|
Help
|
About
|
Sign Out
Home
Search
03/23/1987 Council Minutes (2)
LinoLakes
>
City Council
>
City Council Meeting Minutes
>
1987
>
03/23/1987 Council Minutes (2)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/23/2014 12:16:27 PM
Creation date
10/23/2014 11:39:39 AM
Metadata
Fields
Template:
City Council
Council Document Type
Council Minutes
Meeting Date
03/23/1987
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(a) Seven percent (7 %) of the Grantee's gross revenues from <br />the sale of gas within the City, other than sales of <br />gas to customers who received interruptible gas <br />service; and <br />(b) Three percent (3 %) of the Grantee's gross revenues from <br />the sale of gas with the City to customers who received <br />interruptible gas service. <br />The franchise fee to be paid pursuant to this Section shall be <br />paid based on the gross gas sales to the Grantee's customers in <br />the City from January 1 through December 31 of the applicable <br />calendar year, as audited, net of the audit year bad debt expense <br />and the audit year bad debt recoveries. The franchise fee shall <br />be paid annually, commencing in 1988 for sales commencing on <br />January 1, 1987, on or before May 15, such fee to be based on <br />gross gas sales during the prior calendar year, as audited, net <br />of the audit year bad debt expense and the audit year bad debt <br />recoveries. In the event of termination or expiration of the <br />franchise for any reason, the Grantee shall pay the applicable <br />franchise fee within four and one -half months after termination <br />or expiration of this franchise. <br />Section 5: Purchase by City; Termination of Franchise. <br />5.1. Option to Purchase. Commencing on January 1, 1992 the <br />City shall have the option to purchase all, but not less than <br />all, of the real property, utility plant, meters, regulators and <br />any other property used exclusively by the Grantee in Grantee's <br />gas distribution system in the City and physically located in <br />the City. The City's option shall be exercised by the City <br />giving the Grantee written notice of its intent to purchase the <br />Grantee's gas distribution system in the City of at least 18 <br />-5- <br />
The URL can be used to link to this page
Your browser does not support the video tag.