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Mounds View City Council January 9, 2006 <br />Regular Meeting Page 3 <br />• off with $1,100 is acceptable to him and noted that language can be removed for next year. He <br />asked what happens if the franchise fee comes in higher or lower than expected. He noted the <br />temperature is warmer than usual so the franchise fee income may be lower. <br />Finance Director Beer explained the City would rely on the contingency fund to make up <br />shortfalls and other sources would be looked at to make up the difference, if needed. <br />City Administrator Ulrich reported that a resident called about gas rates being higher so their bill <br />is still higher even though usage is lower. He noted that if there is an overage, one-half of the <br />monies will go to the street replacement fund and the other one-half will go to the general fund <br />reserve. <br />Finance Director Beer reported that the natural gas rates peaked on December 13, 2005 and are <br />now down 39% from that high level. <br />MOTION/SECOND: Stigney/Gunn. To approve First Reading of Ordinance 767 an Ordinance <br />Implementing a Franchise Fee on Xcel Energy Electric and Natural Gas Operations within the <br />City of Mounds View for the Year 2006. <br />Ayes - 4 Nays - 0 Motion carried. <br />• C. First Reading of Ordinance 768 an Ordnance Implementing a Franchise Fee <br />on Center Point Energy Natural Gas Operations within the City of Mounds <br />View for the Year 2006 <br />Finance Director Beer stated that this item also involves a franchise fee that sunsets annually. He <br />explained that Center Point Energy does not have many customers in Mounds View but is wiling <br />to waive the time requirements for notice to continue collecting the franchise fee. Center Point <br />Energy is not requesting the insertion of any language to extend their agreement. Finance <br />Director Beer noted that second reading will occur on January 23, 2006 when the public hearing <br />is held. <br />MOTION/SECOND: Flaherty/Gunn. To approve First Reading of Ordinance 768 an Ordinance <br />Implementing a Franchise Fee on Center Point Energy Natural Gas Operations within the City of <br />Mounds View for the Year 2006. <br />Councilmember Stigney noted that both of the franchise fees have been factored into the 2006 <br />budget. <br />Ayes - 4 Nays - 0 Motion carried. <br />D. Resolution 6715 Authorizing the Re-Advertisement for Bids and Setting a <br />Bid Date for the Groveland Park Building Replacement Project <br />• Public Works Director Lee stated that this item was discussed at an October work session and <br />