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<br />Item No: 7.B. <br />Meeting Date: August 22, 2016 <br />Type of Business: Council Business <br />Administrator Review: ____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Public Hearing, Second Reading, and Adoption of <br />Ordinance 923, an Ordinance Continuing a Franchise <br />Fee on Xcel Energy Electric and Natural Gas Operations <br />within the City of Mounds View <br /> <br />Attached is an ordinance to receive a public hearing, second reading, and consideration <br />for adoption. The Introduction and first reading occurred at the August 8, 2016 Council <br />meeting. <br /> <br />This ordinance continues the agreement with Xcel Energy under which Xcel Energy will <br />collect a franchise fee in the amount of 4% of Xcel’s electric and natural gas gross <br />operating revenues for services within the City of Mounds View during the year 2017. <br />The proceeds are split between the General Fund and the Street Improvement Fund. <br /> <br />Ordinances 875 and 876 passed on January 28, 2013 extended the original 20 year <br />franchise agreement for another 20 years. It provides that the City may impose a <br />franchise fee of not more than 4% of Xcel’s gross operating revenues at any time during <br />the 20-year term of the franchise. The 20-year term runs from January 2013 through <br />January 28, 2034. The franchise fee was first collected in 1993. <br /> <br />It has been the practice to include a sunset provision in the ordinance that requires it to <br />be re-enacted each year. This is a roll call vote. Upon adoption it will be published in <br />the Sun Focus and take effect as provided in the ordinance. Staff would request that a <br />summary ordinance be published with the complete ordinance available on-line and at <br />City Hall. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Mark Beer <br /> <br />