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ORDINANCE NO. 704 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />AN ORDINANCE IMPLEMENTING A FRANCHISE FEE ON <br />RELIANT ENERGY NATURAL GAS OPERATIONS WITHIN THE <br />CITY OF MOUNDS VIEW FOR THE YEAR 2003 <br /> <br />THE CITY OF MOUNDS VIEW ORDAINS: <br /> <br />SECTION 1. The City of Mounds View Municipal Code Appendix D is hereby <br />amended to include reference to the following Special Ordinance. <br /> <br /> Subdivision 1. Purpose. The Mounds View City Council has determined <br />that it is in the best interest of the City to impose a franchise fee on those public <br />utility companies that provide natural gas and electric services within the City of <br />Mounds View. <br /> <br /> a. Pursuant to City Ordinance No. 625, a Franchise Agreement <br />between the City and Reliant Energy (formerly Minnegasco), the City has <br />the right to impose a franchise fee of not more than four (4) percent on <br />Minnegasco in amount and fee designs as set forth in Section 4.1 of the <br />Minnegasco Franchise. <br /> <br /> Subd. 2. Franchise Fee Statement. A franchise fee is hereby imposed on <br />Reliant Energy under its natural gas Franchise in the amount of four (4.0) percent <br />of Reliant Energy’s gross revenues, as defined in Section 4.1 of the Franchise <br />commencing with Reliant Energy’s January 2003 billing month. <br /> <br /> Subd. 3. Payment. The said franchise fee shall be payable to the City in <br />accordance with the terms set forth in Section 4.4 of the Franchise. <br /> <br /> Subd. 4. Surcharge. The City recognizes that the Minnesota Public <br />Utilities Commission requires each said utility company to add to its effective <br />rates for the utility service on which the public utility gross earnings fee is <br />imposed, a surcharge to reimburse such utility company for the cost of the fee. <br /> <br /> Subd. 5. Proof of Company Gross Revenues. Reliant Energy shall make <br />each payment when due and shall quarterly furnish a complete and correct <br />statement of gross revenues for said quarter. Reliant Energy shall permit the <br />City and its designated representative free access to the company’s records for <br />the purpose of verifying such statements. <br />