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Mounds View City Council October 22, 2001 <br />Regular Meeting Page 16 <br />MOTION/SECOND: Quick/Stigney. To Waive the Reading and Introduce First Reading of <br />Ordinance 687, an Ordinance Implementing a Franchise Fee on Xcel Energy Electric and Natural <br />Gas Operations Within the City of Mounds View for the Year 2002. <br />Council Member Stigney pointed out that this is asking for a continuation of the 4% franchise fee <br />on energy. <br />Council Member Marty indicated he always used to ask Mr. Kesel if there was any way to put <br />more of the franchise fee into the street improvement fund. <br />Finance Director Hanson indicated the 50/50 split was fairly new as it used to be 60/40. He then <br />indicated that in light of budget concerns for 2002 it was not possible to do so. <br />Council Member Quick indicated that due to the changes in the state legislature the City was <br />struggling with how to balance its budget and needs this revenue source in the general fund. He <br />then indicated that once the City has sorted out how the legislative changes would affect the City <br />it may be possible to revisit how the franchise fee is divided up. <br />Ayes - 5 Nays - 0 Motion carried. <br />E. Introduction and First Reading of Ordinance 688 Implementing a Franchise <br />Fee on Reliant Energy Natural Gas Operations within the City of Mounds <br />View for the Year 2002 <br />Finance Director Hanson indicated that this Ordinance would implement a franchise fee on <br />Reliant Energy Natural Gas operations within the City. He then indicated that this revenue <br />source was much smaller due to the small territory of Reliant Energy within the City. He further <br />indicated that, as a matter of policy, the City needed to maintain consistency with the utility <br />providers in the City. <br />Council Member Stigney asked how much revenue is provided by this franchise fee. <br />Finance Director Hanson indicated he did not have a full year's worth of data to interpret but said <br />that it appears to be under $1,000. <br />MOTION/SECOND: Thomas/Quick. To Waive the Reading and Introduce First Reading of <br />Ordinance 688 Implementing a Franchise Fee on Reliant Energy Natural Gas Operations Within <br />the City of Mounds View for the Year 2002. <br />Council Member Stigney noted this is a 4% energy fee. <br />Ayes - 5 Nays - 0 Motion carried. <br />F. Consider Amending Resolution No. 5508, a Resolution Setting 2001 Meeting <br />Dates for City Council Meetings and Work Sessions <br />