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ORDINANCE NO. 923 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> AN ORDINANCE CONTINUING A FRANCHISE FEE ON XCEL ENERGY <br /> ELECTRIC AND NATURAL GAS OPERATIONS WITHIN THE CITY OF <br /> MOUNDS VIEW <br /> THE CITY OF MOUNDS VIEW ORDAINS: <br /> SECTION 1. The City of Mounds View Municipal Code Appendix D is hereby amended <br /> to include reference to the following Special Ordinance. <br /> Subdivision 1. Purpose. The Mounds View City Council has determined that it is <br /> in the best interest of the City to impose a franchise fee on those public utility <br /> companies that provide natural gas and electric services within the City of Mounds <br /> View. <br /> a. Pursuant to City Ordinance No. 875 and Ordinance No. 876, which are the <br /> Franchise Agreements ("Franchise Agreements") between the City of Mounds <br /> View (the "City") and Northern States Power Company D/B/A Xcel Energy, its <br /> successors and assigns, a franchise fee of not more than four (4.0) percent of <br /> Xcel Energy's gross operating revenues may be imposed by the City at any time <br /> during the 20 year term of the Franchise. The franchise fee is paid as full <br /> compensation for the rights to transmit and furnish electric energy for light, heat, <br /> power and import, transport, sell and distribute natural gas for heating, <br /> illuminating and other purposes as outlined in Section 2.1 of Ordinance Nos. 875 <br /> and 876. <br /> Subd. 2. Franchise Fee Statement. A franchise fee is hereby imposed on Xcel <br /> Energy under its electric and natural gas Franchise Agreements in the amount of four <br /> percent (4%) of Xcel Energy's gross revenues, as defined in Section 9 of the Franchise <br /> Agreements, commencing with Xcel Energy's January 2017 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 9 of the Franchise Agreements. <br /> Subd. 4. Surcharge. The City recognizes that the Minnesota Public Utilities <br /> Commission may allow each said utility company to add to its effective rates for the <br /> utility service on which the public utility gross earnings fee is imposed, a surcharge to <br /> reimburse such utility company for the cost of the fee. <br /> Subd. 5. Proof of Company Gross Revenues. Xcel Energy shall make each <br /> payment when due and shall monthly furnish a complete and correct statement of gross <br />