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10 L. <br /> ORDINANCE NO. 641 <br /> City of Mounds View <br /> County of Ramsey <br /> State of Minnesota <br /> An ordinance implementing a franchise fee on electric and natural gas <br /> utility companies for the operation of the utility within the City of Mounds View <br /> THE CITY OF MOUNDS VIEW ORDAINS: <br /> SECTION 1: PURPOSE <br /> Subdivision 1. <br /> The Mounds View City Council has determined that it is in the best interest of the City to <br /> impose a franchise fee on those public utility companies that provide natural gas and electric <br /> services within the City of Mounds View. <br /> Subdivision 2. <br /> Pursuant to City Ordinance No. 517 and Ordinance No. 518, which are the Franchise <br /> Agreements ("Franchise Agreements")between the City of Mounds View(the City) and <br /> Northern States Power Company(the Company), and Ordinance No. 625 which is a <br /> Franchise Agreement between the City and Reliant Energy Minnegasco (Minnegasco), a <br /> franchise fee of not more than four(4)percent of the utility company's gross operating <br /> revenues may be imposed by the City at any time during the year term of associated <br /> Franchise. The franchise fee is paid as full compensation for the rights to transmit and <br /> furnish electric energy for light, heat, power and import, transport, sell and distribute natural <br /> gas for heating, illuminating and other purposes as outlined in Section 2 of Ordinance Nos. <br /> 517, 518, and 625. <br /> Subdivision 3. <br /> Pursuant to Ordinance No. 622 effective January 16, 1999 and Ordinance No. 634 effective <br /> August 1, 1999, the City imposed a franchise fee under the electric and natural gas Franchise <br /> Agreements in the amount of two and one-half(2.5)percent of the Company's and <br /> Minnegasco's gross revenues, as defined in Section 4.2 of the Franchise Agreements, subject <br /> to a sunset on December 31, 1999. <br /> SECTION II. STATEMENT <br /> Subdivision 1. <br /> A franchise fee is hereby imposed in the amount of two and one-half(2.5)percent of gross <br /> revenues which franchise fee was being collected under Ordinance No. 622 and 634, and <br /> said franchise fee shall continue to be collected hereunder as though the sunset provision in <br /> Ordinance No. 622 and 634 were suspended until the effective date of collection of the <br /> franchise fee being imposed by Subdivision 2 below. <br /> Subdivision 2. <br /> A franchise fee is hereby imposed on the Company and Minnegasco, under their electric and <br /> natural gas Franchise Agreements in the amount of two and one-half(2.5)percent of the <br /> associated utility company's gross revenues, as defined in Section 4.2 of the Franchise <br /> Agreements, commencing with their January, 2000,billing month. On said commencement <br />