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Mounds View City Council November 13, 2001 <br />Regular Meeting Page 10 <br />D. Public Hearing for the Second Reading and Adoption of Ordinance 688, an <br />Ordinance Implementing a Franchise Fee on Reliant Energy Natural Gas <br />Operations Within the City of Mounds View for the Year 2002. <br />Mayor Sonterre opened the public hearing at 10:53 p.m. <br />Finance Director Hansen indicated that Ordinance 688 is an Ordinance Implementing a Franchise <br />Fee on Reliant Energy Natural Gas Operations within the City of Mounds View. He explained <br />that this Ordinance would continue an agreement under which Reliant collects a 4% franchise fee <br />within the City during 2002. He further explained that the revenues from this agreement are <br />minimal because there are only a handful of Reliant Energy customers within the City. <br />Mayor Sonterre closed the public hearing at 10:54 p.m. <br />Council Member Thomas indicated that on the agenda the Ordinance numbers were incorrect and <br />indicated that Ordinance 688 was for Reliant and Ordinance 687 was for Xcel. <br />MOTION/SECOND: Quick/Marty. To Waive the Reading, Approve the Second Reading and <br />Adopt Ordinance 688, an Ordinance Implementing a Franchise Fee on Reliant Energy Natural <br />Gas Operations within the City of Mounds View for the Year 2002. <br />ROLL CALL: Quick, Stigney, Marty, Thomas, Sonterre. <br />Motion: Quick; Seconded: Marty; All voted approval of Ordinance 688 <br />E. Public Hearing for the Second Reading and Adoption of Ordinance 687, an <br />Ordinance Implementing a Franchise Fee on Xcel Energy Electric and <br />Natural Gas Operations Within the City of Mounds View for the Year 2002. <br />Mayor Sonterre opened the public hearing at 10:55 p.m. <br />Finance Director Hansen explained that Ordinance 687 would continue an agreement with Xcel <br />Energy whereby Xcel Energy collects a franchise fee of 4% on its natural gas and electric fees <br />within the City. He then indicated that he estimates the franchise fee revenue to the City with <br />this agreement to be $400,000, $200,000 of which goes into the general fund and the other <br />$200,000 goes into the street improvement fund. <br />Mayor Sonterre closed the public hearing at 10:56 pm. <br />MOTION/SECOND: Marty/Thomas. To Waive the Reading, Approve the Second Reading and <br />Adopt Ordinance 687, an Ordinance Implementing a Franchise Fee on Xcel Energy Electric and <br />Natural Gas Operations Within the City of Mounds View for the Year 2002. <br />ROLL CALL: Stigney, Marty, Quick, Thomas, Sonterre. <br />Motion: Marty; Seconded: Thomas; All voted approval of Ordinance 687 <br />