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<br />Ordinance No. 291
<br />
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<br />SECTION 12. Pranchis= Fcc.
<br />
<br />It is agreed hy the City and Compan)" that the City may at any time during
<br />the term hen'of imposp. on the Compan)', as full compensation fot' thc rights hereby
<br />erllnt.,,J, a franchise fee of not more than four percent (4%) of thc Company's gross
<br />oper..ti ng revenues, as here\nafter defined, such fee to be payable not latcr
<br />than April I, of cneh year and to be based upon the gross operating rcvenues of
<br />the Company for the preceding calendar year or the part thereof after such fee
<br />becomes effective. Such fee shall be imposed by ordinance duly adopted by a
<br />four-fifth's vote of the entjre Council, after a public hO:11'ing, pursuant to
<br />notice published ill the official newspaper, providing for at least ten (10)
<br />days' notice prior to the hearing, and shall not become effective until at least
<br />sixty (GO) d~Y5 after written notice thereof has been served upon the Company
<br />by r~gistered mail. The percent fee may be changed by the Council by ordinance
<br />from time to time, however, each change shall meet the above notice. hearing,
<br />and voting rcqu~rcmonts and the percentage imposed must remain fitm for at least
<br />one year, and the total fee shall not exceed four percent. Such ordinance shAll
<br />not prevent the Company from adjusting its charges in such manner as it deems'
<br />appropl'iate for the purpose of reimbursing the Company for the payments to be
<br />made to the City, afld the Company may indicate on its bills the customers'
<br />portion of said fees. Such fee shall not exceed any amount which the Company
<br />may legally recover prior to the payment to the City b)' imposing a surcharge
<br />equivalent to such fee in its rates for electrical service to customers within
<br />the City. The term "gross operating revenues" means all sums, excluding said
<br />~u~charge: received by the Company from the sale of electricity within the
<br />corporate limits of the City. The foregoing time and manner uf collecting said
<br />surcharge is subject: to the approval of the t-!innesota Public Service Commission
<br />which the Company ar.rees to use its best efforts to obtain.
<br />
<br />SECT ION 13. r:!.~~mge in FO.E.!~.~.Gllvernmen t.
<br />
<br />Any ch,1ngp of the form of governrl'On~ of the City of Hounds View
<br />auth(lri;~ed by the St.,1te of Minllcsot.1 shall nnt affect the validity of this
<br />fr.ln.Jlis<:. Any mUllicipal corpor<ltioll succeeding the City sh:!l1, without the
<br />con~~nt of the Company, SUCCCN! to all the rir,hts and olJlif,:ltions of the City
<br />p r Q,V i d I.' ri jOlt h i. 5 f r iI n chi:, (' ,
<br />
<br />SECt'10N 1/1.
<br />
<br />VilCil~ion of
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<br />"'~ SECTHl[: 16. ":lIclllllbr;mces.
<br />
<br />:. No CIlClllllbe;lllC:-I~I:~th{~~~OPcrt y
<br />
<br />;: right grallted by t.hi~ onlill.lllrp otbl.r
<br />--I COlllp;my,
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<br />
<br />Except whC're n'fjuired !;ol,>ly for ,I City impr(lv~l1Ient projf~ct, the vacation of
<br />arty ~tr~et, allcy, public W.1y rye public ground, after the- install<1tion of electrical
<br />facilitie's. shall Ilot oper.lte tl' derriVl' the Comp;iny of its rights to operate and
<br />rr.Jillt.1!n sllch clectl"ic;ll facilities, llntiI the rcason,1b1e cost of reloca::ing the
<br />':'~:-'.:. ....~<1 "hl' loss CllIeI ('XDense resulling froill such r<:10c.1I.ioll arc first paid to
<br />the'Comp.1ny.
<br />
<br />SECTION 15.
<br />
<br />~.r..~.l_ ~~~~~~cep ta~._
<br />
<br />The Company skill, if it accepts lids ordinance ;llId till.' rights .1nd obligations
<br />hereby r,r,1I1tcd, [1J(, ,1 writU'n .1CCCpt<1I1C(, of the' rir-hts hereby r,rilnted with the
<br />City Clerk withill nillety (90) days .1fter the p.1SS.1hC of this ordin.1nce..
<br />
<br />of tht.' C\);~p':liiY :.;h;lil l.xtl'tll! to the ft'.1uchi:ic
<br />t 11.111 .1 Ii l'1I '.'ll('lIMlllf' I" i ng all vropl'r t y 0 f the
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