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<br />Item No: 7.B. <br />Meeting Date: August 8, 2016 <br />Type of Business: Council Business <br />Administrator Review: ____ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: First Reading and Introduction of Ordinance 924, an <br />Ordinance Continuing a Franchise Fee on Center Point <br />Energy Natural Gas Operations within the City of <br />Mounds View <br /> <br />Attached is an ordinance to receive an introduction and first reading. The public hearing, <br />second reading, and adoption will be on Monday, August 22, 2016. <br /> <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 gas <br />gross operating revenues for services within the City of Mounds View during the year <br />2017. <br /> <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Ordinance 625 passed on June 28, 1999 originally enacted the franchise agreement.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 /> <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 to <br />Center Point Energy’s small customer base within the City of Mounds View. <br /> <br />The ordinance will be brought back to the City Council for second reading and adoption <br />at the August 22, 2016 meeting. It will be published in the Sun Focus and take effect as <br />provided in the ordinance after publication. Staff would request that a summary ordinance <br />be published with the complete ordinance available on-line and at City Hall. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Mark Beer <br /> <br /> <br />