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<br />Item No: 7.A. <br />Meeting Date: August 27, 2012 <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 873, an Ordinance Implementing 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 second reading and adoption. The first reading <br />and introduction occurred at the August 13, 2012 City Council meeting. A notice of the <br />Public Hearing was published in the August 9, 2012 edition of the Sun Focus. <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 2013. <br /> <br />Ordinances 517 and 518 passed on October 13, 1992 originally enacted the franchise <br />agreement. It provides that the City may impose a franchise fee of not more than 4% of <br />Xcel’s gross operating revenues at any time during the 20-year term of the franchise. <br />The 20-year term runs from 1993 through December 21, 2012 and the franchise fee <br />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. Upon adoption it will then be published in the Sun Focus and <br />take effect as provided in the ordinance. Staff would request that a summary ordinance <br />be published with the complete ordinance available on-line and at City Hall. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Mark Beer <br /> <br /> <br /> <br />