Agenda Packets - 2017/08/28 (3) - Laserfiche WebLink

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of Mounds View Staff Re item No: 9.13. Meeting Date: August 14, 2017 Type of Business: Council Business Administrator Review: To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: First Reading and Introduction of Ordinance 936, an Ordinance Continuing a Franchise Fee on Center Point Energy Natural Gas Operations within the City of Mounds View Attached is an ordinance to receive a public hearing, second reading, and adoption. The introduction and first reading occurred at the August 14, 2017 Council meeting. Notice of the public hearing was published in the August 10, 2017 Sun Focus. This ordinance continues the agreement with Center Point Energy under which Center Point Energy will collect a franchise fee in the amount of 4% of Center Point's natural gas gross operating revenues for services within the City of Mounds View during the year 2018. Ordinance 625 passed on June 28, 1999 originally enacted the franchise agreement. It provides that the City may impose,a franchise fee of not more than 4% of Center Point's gross operating revenues at any time through July 1, 2019. The franchise fee was first collected in 2001. It has been the practice to include a sunset provision in the ordinance requiring it to be re-enacted each year. Franchise fees collected under this agreement are minimal due to Center Point Energy's small customer base within the City of Mounds View. The ordinance will be brought back to the City Council for second reading and adoption at the August 28, 2017 meeting. It will be published in the Sun Focus and take effect as provided in the ordinance after publication. Staff would request that a summary ordinance be published with the complete ordinance available on-line and at City Hall. Respectfully Submitted, Mark Beer