161201 • ORDINANCE NO. 16,120 •
2
3 AN ORDINANCE AMENDING IN PART ORDINANCE NO.
4 11,366 TO PROVIDE FOR LEVYING A FRANCHISE FEE
5 TO BE PAID BY ARKANSAS LOIIISIANA GAS COMPANY
6 FOR THE YEAR 1992; AND PROVIDING FOR THE
7 PAYMENT THEREOF.
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9 L3fD:REAS, the Arkansas Louisiana Gas Company ( °the Gas
10 Company") is authorized by franchise ordinance to operate a gas
11 distribution system and appurtenances thereto, used in or
12 incident to the rendition of gas service to the City of Little
13 Rock, Arkansas ("the City") and the inhabitants residing
14 therein; and
15 N aZEA.4, the Gas Company is now and will be occupying the
16 streets, alleys and rights -of -way of the City for the purpose of
17 operating, maintaining, and extending its gas services to the
18 City and supplying the City and consumers therein gas service;
19 and
20 WHEREAS! the City is legally authorized to impose and the
21 Gas company is obligated to pay a just and reasonable franchise
22 fee in connection with the operations in the City.
23 NOw, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
24 THE CITY OF LITTLE ROCK, ARKANSAS:
25 SECTION 1. Section 1 of Ordinance No. 11,366, as amended,
26 is amended to read as follows:
27 For the year 1992, the Gas company shall on a monthly
28 basis pay a franchise fee in an amount equal to five
29 and two - tenths percent (5.2 %) of the Gas Company's
30 gross revenues as paid to it during the calendar year
31 1992 by all of its customers, including but not
32 limited to industrial, residential and commercial
33 customers located within the corporate limits of the
34 City of Little Rock or the sum of Two Million Three
35 Hundred and Twenty -five Thousand Dollars ($2,325,000)
36 per year, whichever is greater. Said gross revenues
053
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shall be certified by an officer of t• Gas Company.
SECTION 2. Payments to the City by Arkansas Louisiana Gas
Company of the amounts as provided for in Section 1 hereof shall
be made monthly on or before the 15th day 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conflict herewith are hereby repealed; provided, however, only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 Gas Company is operating.
SECTION 4. This ordinance shall be in effect and after
January 1, 1992.
PASSED: November 19, 1991
ATTEST:
APPROVED AS TO FORM:
,rL OMAS M.
CITY ATTORNEY