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of Mounds View Staff <br />Item No: 8.6. <br />Meeting Date: September 24, 2018 <br />Type of Business: Council Business <br />Administrator Review: U <br />_s <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 950, an Ordinance Continuing a Franchise <br />Fee on Center Point Energy Natural Gas Operations <br />within the City of Mounds View <br />Attached is an ordinance to receive a public hearing second reading and adoption. Notice <br />of the public hearing was published in the September 7, 2018 Sun Focus. <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 />2019. <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Ordinance 625 passed on June 28, 1999 originally enacted the franchise agreement.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 />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 />The ordinance summary will published in the Sun Focus and take effect as provided in <br />the ordinance after publication. The complete ordinance is available on-line and at City <br />Hall. <br />Respectfully Submitted, <br />/Mark Beer <br />