Laserfiche WebLink
ORDINANCE NO. 498 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> An ordinance implementing a franchise fee on electric utility <br /> companies for the operation of the utility within the City of <br /> Mounds View. <br /> The City Council of the City of Mounds View does ordain: <br /> SECTION I. PURPOSE <br /> Subd. 1. The Mounds View City Council has determined that it <br /> is in the best interest of the City to impose a franchise fee on <br /> those public utility companies that provide electrical services <br /> within the City of Mounds View. <br /> Subd. 2 . Pursuant to City Ordinance No. 291, Section 12 and <br /> the Franchise Agreement between the City of Mounds View (the City) <br /> and Northern States Power Company (the Company) dated May 1, 1989, <br /> a franchise fee of not more than four percent (4%) of the Company's <br /> gross operating revenues may be imposed by the City at any time <br /> during the 20 year term of the Franchise. The franchise fee is <br /> paid as full compensation for the rights to transmit and furnish <br /> electric energy for light, heat, power and import, transport and <br /> other purposes as outlined in Section 2 of Ordinance No. 291. <br /> SECTION II. STATEMENT <br /> A franchise fee is hereby imposed on Northern States Power <br /> Company, a Minnesota Corporation, for its electrical franchise <br /> granted by the City, in the amount of 4% of Northern States Power <br /> Company's gross operating revenue. <br /> SECTION III. DEFINITION <br /> The term "gross operating revenues" means all sums, excluding <br /> any surcharge collected by a supplier of electric service from the <br /> sale of such services used within the corporate limits of the City; <br /> provided, however, there shall be excluded from the computation of <br /> gross revenues all sums received by a supplier for electric service <br /> used for highway lighting, municipal street lighting, municipal <br /> water pumping, municipal sewage disposal services, municipal sewer <br /> lift stations, municipal buildings, municipal traffic signals, and <br /> municipal fire siren services. <br /> ACTION3V PAYMENT <br /> Said franchise fee shall be payable to the City in accordance <br /> with the terms set forth in the Franchise Agreement and Chapter 76 <br /> of the City's Municipal Code and as amended. <br />