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354
ORDINANCE NO. 15,756
AN ORDINANCE FIXING AND
THE AGGREGATE AMOUNT OF
CHARGES TO BE PAID THE
LITTLE ROCK, ARKANSAS BY
POWER AND LIGHT COMPANY
METHOD OF PAYMENT THEREOF
IN 1990; AMENDING SECT
ORDINANCE NO. 11,683, AND
PURPOSES.
IMPOSING
FEES AND
CITY OF
ARKANSAS
AND THE
BEGINNING
CON 9 OF
FOR OTHER
WHEREAS, Arkansas Power and Light Company (hereinafter
referred to as "Power Company ") is duly authorized by franchise
agreement to, among other things, construct, operate, maintain
and extend an electric system within the City of Little Rock and
to sell,_ furnish,_ transmit and distribute electric power and
energy in the City of Little Rock, Arkansas (hereinafter
referred to as "City "), to the City and to the citizens residing
therein; and
WHEREAS, the Power - Company is now providing electric
service to the City and its inhabitants and occupying the
streets, alleys and other public property of the City pursuant
to said franchise agreement, and making certain payments to the
City in lieu of all other taxes, fees, charges, impositions, and
licenses, except general taxes; and
WHEREAS, the City is entitled to receive such just and
reasonable fees from the Power Company for such use, which the
City may lawfully impose and the Power Company is obligated to
pay.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: Section 9 of the Franchise Agreement which is
Little Rock, Ark., Ordinance No. 11,683, as amended, is hereby
amended to include the following:
0-410
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M M M r M r M M M M M M M M
For the year beginning January 1, 1990, the power
company shall pay in monthly installments, the
sum of five and two tenths percent (5.2 %) of the
power company's gross revenue collection as paid
to it by industrial, commercial, and residential
users located within the corporate limits of the
City of Little Rock or the sum of eight million
four hundred thousand dollars ($8,400,000)
whichever is greater. Such said gross revenues
shall be certified by an officer of the power
company.
SECTION 2: Payments to the City by Arkansas Power and
Light Company of the amounts as provided for in Section 1 hereof
shall be made monthly payable by the 15th of each month.
SECTION 3: All ordinances and parts of ordinances that
conflict herewith are hereby repealed; provided, however,
only to the extent that the same are in direct conflict
herewith. Except as provided, nothing herein shall be construed
to alter or change the terms or conditions of the present
franchise under which the Power Company is operating.
SECTION 4: This ordinance shall be in effect on and
after January 1, 1990.
PASSED: October 3, 1989
ATTEST:
CI Y CLERK J E CZECH
APPROVED S TO // RM:
a6l i
NARK STODOLA, CITY ATTORNEY
APPROVED:
.qf
,Jr j7z�
MAYOR FLO D G. "BUDDY'S VILLINES
355)