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U <br />ORDINANCE N0.779 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AN ORDINANCE IMPLEMENTING A FRANCHISE FEE ON <br />CENTER POINT ENERGY NATURAL GAS OPERATIONS <br />WITHIN THE CITY OF .MOUNDS VIEW FOR THE YEAR 2007 <br />THE CITY OF MOUNDS VIEW ORDAINS: <br />SECTION 1. The City of Mounds View Municipal Code Appendix D is hereby <br />amended to include reference to the following Special Ordinance. <br />Subdivision 1. Purpose. The Mounds View City Council has determined <br />that it is in the best interest of the City to impose a franchise fee on those public <br />utility companies that provide natural gas and electric services within the City of <br />Mounds View. <br />a. Pursuant to City Ordinance No. 625, a Franchise Agreement <br />between the City and Center Point Energy (formerly Reliant, formerly <br />Minnegasco), the City has the right to impose a franchise fee of not more <br />• than four (4) percent on Minnegasco in amount and fee designs as set <br />faith in Section 4.1 of the Minnegasco Franchise. <br />Subd. 2. Franchise Fee Statement. A franchise fee is hereby imposed on <br />Center Point Energy under its natural gas Franchise Agreements in the amount <br />of four (4.0) percent of Center Point Energy's gross revenues, as defined in <br />Section 4.1 of the •Franchise Agreements commencing with Center Point <br />Energy`s January 2007 billing month. <br />Subd, 3. Payment. The said franchise fee shall be payable to the City in <br />accordance with the terms set forth in Section 4.4 of the Franchise. <br />Subd. 4. Surcharge. The City recognizes that the Minnesota Public <br />Utilities Commission requires each said utility company to add to its effective <br />rates for the utility service on which the public utility gross earnings fee is <br />imposed, a surcharge to reimburse such utility company for the cost of the fee. <br />Subd. 5. Proof of Company Gross Revenues. Center Point Energy shall <br />make each payment when due and shall quarterly furnish a complete and correct <br />statement of gross revenues far said quarter. Center Point Energy shall permit <br />the City and its designated representative free access to the company's records <br />for the purpose of verifying such statements. <br />• <br />