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400
RESOLUTION NO. 7,474
WHEREAS, the Board of Directors of the City of Little Rock
recognizes the financial burden placed upon the citizens of
Little Rock to pay increased electric utility bills as a result
Df the recent Public Service Commission settlement with Arkansas
Power & Light Company; and
WHEREAS, the Board recognizes that a portion of the
electric rate increase resulting from the settlement is
attributable to the burden placed upon ratepayers to pay a
portion of the costs of construction of the Grand Gulf I Nuclear
Plant; and
WHEREAS, the Board recognizes that the City should not
benefit unfairly to the further detriment of its citizens as a
result of that portion of the settlement attributable to Grand
Gulf.
NOW, THEREFORE; BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. The Board of Directors of the City of Little
Rock hereby expresses its intent not to apply the City's Utility
Franchise Tax to that portion of any Arkansas Power & Light
utility bill which is directly attributable to any increase
therein as a result of the ratepayers being required by the
Public Service Commission settlement or otherwise to pay for any
costs related to Grand Gulf.
SECTION 2. The City Manager shall report to the Board
within forty -five (45) days from the date hereof on a recommended
course of action to be adopted by the Board to carry out the
intent and purpose of this Resolution.
ADOPTED: September 17, 1985
ATTES a=e�j
CITY(/CLERK JANE CZECH MAYOR THOMAS A. PRINCE
APP D S F
MARK STODOLA, CITY ATTORNEY
2-19
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