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<br />Council had also inquired about the properties that are currently exempt from property taxes that would <br />now be contributing to city services via these fees. Using County GIS data, staff estimates between 25-30 <br />exempt properties totaling around $125M in Estimated Market Value would be contributing via franchise <br />fees. Churches, cemeteries, and charitable institutions are the exempt properties that are not also a taxing <br />jurisdiction – to which we do not pay taxes on our own facilities – and those totals are closer to 15 properties <br />and $45M EMV. (Because Xcel does not share their customer data, we have to make assumptions as to <br />which properties are served by utilities, such as having a building on the property.) <br /> <br />Property Category Quantity Q (w/ Building +$20K) EMV <br />901 Schools-Public 11 3 53,542,100 <br />915 Church 16 9 40,857,500 <br />916 Church-Residence 1 1 2,044,800 <br />917 Church-Other Res 4 4 2,428,800 <br />918 Church - Other 2 1 408,500 <br />931 Charit Inst 1 1 75,300 <br />955 Co Srvc Other 19 4 23,277,800 <br />962 T E Misc Co D 3 205 4 250,600 <br /> 27 122,885,400 <br /> <br />Decision Points; <br />• What are the specific fees we want to charge? <br />• Where would we like that fee revenue to be allocated? <br /> <br /> <br />Next Steps; <br />• Finalize Franchise Agreement negotiations with Xcel and Centerpoint. <br />• Council Approval (November 5 or 19?) – Public Hearing required <br />• Notice to utility companies at least 90 days prior to start of fee collection. <br />• March 1, 2025 implementation <br /> <br /> <br />Attachments; <br />• Xcel – Franchise Fee Options Review <br />• LMC Informational Memo – Gas & Electric Utility Franchising <br />• Xcel Handouts