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N10UND1tSVVt_EW_ Item No: 8.B. Meeting Date: August 26, 2019 Type of Business: Council Business Administrator Review: City of Mounds View Staff Report To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: Ordinance 962 — Public Hearing, Second Reading and Adoption of an Ordinance Granting to CenterPoint Energy Resources, A Natural Gas Utility, A Delaware Corporation, Its Successors and Assigns, a Nonexclusive Franchise to Construct, Operate, Repair, and Maintain Facilities and Equipment for the Transportation, Distribution, Manufacture, and Sale of Gas Energy for Public and Private Use and to Use the Public Ways and Public Ground of the City of Mounds View, Minnesota, for Such Purposes; and Prescribing Certain Terms and Conditions Thereof Attached is an ordinance to receive a second reading and adoption. This ordinance continues the franchise agreement with CenterPoint Energy. This agreement is similar to the franchise ordinance adopted for Xcel Energy. The franchise ordinance covering Xcel Energy requires that the City impose the same franchise amount as is imposed on Xcel. Ordinance 625 passed on June 28, 1999 originally enacted the franchise agreement. It provides that the City may impose a franchise fee of not more than 4% of CenterPoint's gross operating revenues at any time during the 20 -year term of the franchise. The 20 -year term ran from 1999 through July 1, 2019. This agreement will extend the franchise for 20 more years from the date of acceptance. It has been the practice to include a sunset provision that is at the discretion of the City Council and this does not change with this new franchise. Staff would request that a summary ordinance be published with the complete ordinance available on-line and at City Hall. Respectfully Submitted, Mark Beer