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Ord• lo&,�- <br />Subd. 5. Proof of Company Gross Revenues. Xcel Energy shall make each <br />payment when due and shall monthly furnish a complete and correct statement of gross <br />revenues for said month. Xcel Energy shall permit the City and its designated <br />representative free access to the company's records for the purpose of verifying such <br />statements. <br />Subd. 6. Enforcement. Any dispute, including enforcement of a default regarding <br />this ordinance will be resolved in accordance with the Franchise Agreements. <br />Subd. 7. Effective Date of Franchise Fee. Notwithstanding the effective date of <br />this ordinance and notwithstanding any contrary provisions in Section 9 of the Franchise <br />Agreements, the effective date of the fee collected under Subdivision 9 of this ordinance <br />is the later of ten (10) days after the publication and after the sending of written notice <br />enclosing a copy of this adopted ordinance upon Xcel Energy by certified mail. <br />Subd. 8. Sunset Clause. This ordinance shall automatically sunset on December <br />31, 2032. <br />SECTION 2. This ordinance takes effect as provided herein. <br />Read by the City Council of the City of Mounds View this 13th day of April, 2026. <br />Read and passed by the City Council of the City of Mounds view this 27t" day of April, <br />2026. <br />Publication Date: April 30, 2026 <br />7dZastroA, Mayor <br />ATTEST: <br />Nyle ikmyfd, City Administrator <br />(SEAL) <br />