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<br />.. <br /> <br />ORDINANCE NO. 519 <br /> <br />. <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />AN ORDINANCE IMPLEMENTING A FRANCHISE FEE ON ELECTRIC AND NATURAL GAS <br />UTILITY COMPANIES FOR THE OPERATION OF THE UTILITY WITHIN THE <br />CITY OF MOUNDS VIEW <br /> <br />The City council of the City of Mounds View does <br />hereby ordain: <br /> <br />SECTION I. <br /> <br />PURPOSE <br /> <br />Subdivision 1. The Mounds View city Council has determined that it <br />is in the best interest of the City to impose a franchise fee on those <br />public utility companies that provide gas and electrical services within <br />the City of Mounds View. <br /> <br />Subdivision 2. Pursuant to City Ordinance No. 517 and Ordinance <br />No. 518, and the Franchise Agreement between the City of Mounds View <br />(the city) and Northern States Power Company (the Company), a franchise <br />fee of not more than four (4%) of the company's gross operating revenues <br />may be imposed by the city at any time during the 20 year term of the <br />Franchise. The franchise fee is paid as full compensation for the <br />rights to transmit and furnish electric energy for light, heat, power <br />and import, transport, sell and distribute gas for heating, illuminating <br />and other purposes as outlined in Section 2 of Ordinances 517 and 518. <br /> <br />. <br /> <br />SECTION II. <br /> <br />STATEMENT <br /> <br />A franchise fee is hereby imposed on Northern States Power Company, <br />a Minnesota Corporation, for its electrical and gas franchises granted <br />by the City in the amount of 3% of Northern States Power Company's gross <br />operating revenue. <br /> <br />SECTION III. <br /> <br />PAYMENT <br /> <br />Said franchise fee shall be payable to the city in accordance with <br />the terms set forth in Section 4 of the Franchise Agreements. <br /> <br />SECTION IV. <br /> <br />SURCHARGE <br /> <br />Any such supplier may add to its effective rates for the utility <br />services on which the public utility gross earnings tax is <br />imposed, a surcharge to reimburse such supplier for the cost of the tax. <br /> <br />SECTION V. <br /> <br />PROOF OF COMPANY FINANCIAL STATUS <br /> <br />Each said company shall make each paYment when due and shall <br />furnish therewith a complete and correct statement of revenues for the <br />period. Such company shall permit the city and its representative free <br /> <br />. <br /> <br />1 <br />