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MOUNDS VIEW <br />Meeting Date: <br />Type of Business: <br />City of Mounds View Staff Report <br />Item No: 7.E. <br />August 26, 2013 <br />Council Business <br />Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Second Reading and Adoption of Ordinance 882, an <br />Ordinance Implementing a Franchise Fee on Center <br />Point Energy Natural Gas Operations within the City of <br />Mounds View <br />Attached is an ordinance to receive a second reading and adoption. The public hearing, <br />first reading, and introduction occurred at the August 12, 2013 City Council meeting. <br />This ordinance continues the agreement with Center Point Energy under which Center <br />Point Energy will collect a franchise fee in the amount of 4% of Center Point's natural <br />gas gross operating revenues for services within the City of Mounds View during the <br />year 2014. <br />Ordinance 625 passed on June 28, 1999 originally enacted the franchise agreement. It <br />provides that the City may impose a franchise fee of not more than 4% of Center Point's <br />gross operating revenues at any time through July 1, 2019. The franchise fee was first <br />collected in 2001. <br />It has been the practice to include a sunset provision in the ordinance requiring it to be <br />re-enacted each year. Franchise fees collected under this agreement are minimal due <br />to Center Point Energy's small customer base within the City of Mounds View. <br />The ordinance will be published in the Sun Focus and take effect as provided in the <br />ordinance after publication. Staff would request that a summary ordinance be published <br />with the complete ordinance available on-line and at City Hall. <br />Respectfully Submitted, <br />Mark Beer <br />