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Council Member Dahl introduced the following resolution and moved its <br />adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 01-118 <br />RESOLUTION AUTHORIZING CAP ON 2001 FRANCHISE FEES COLLECTED <br />BY CENTENNIAL UTILITIES FROM LINO LAKES CUSTOMERS <br />WHEREAS, the City of Lino Lakes has a franchise agreement with Centennial Utilities, <br />and <br />WHEREAS, the franchise agreement includes a seven percent fee charged on natural <br />gas sales to customers located in Lino Lakes, and <br />WHEREAS, during the winter of 2000-2001 natural gas prices experienced a drastic <br />increase; and <br />.-� WHEREAS, the amount of franchise fee revenue that resulted from the spike in prices <br />was double the anticipated amount; and <br />WHEREAS, the City of Lino Lakes does not want to see residents and businesses <br />penalized by circumstances beyond their control. <br />NOW, THEREFORE BE IT RESOLVED, that the City of Lino Lakes City Council <br />authorizes a cap of $56,600 for franchise fees collected in 2001 from Centennial Utilities <br />customers located in Lino Lakes. <br />Adopt by the Lino Lakes City Council this 13th day of August 2001. <br />John T. Berg'eson, Mayor <br />�U <br />erk-Treasurer <br />er, Deputy <br />The motion for the adoption of the foregoing resolution as duly s onded by Council <br />Member Reinert and upon vote being taken thereon, e following voted in <br />favorthereof: Bergeson, Carlson , Dahl, O'Donnell, Reinert <br />The following voted against the same: <br />none <br />Whereupon said resolution was declared duly passed and adopted. <br />