161211
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
• ORDINANCE NO. 16,121 •
AN ORDINANCE FIXING AND IMPOSING THE
AGGREGATE AMOUNT OF FEES AND CHARGES TO BE
PAID THE CITY OF LITTLE ROCK, ARKANSAS By
ARKANSAS POWER AND LIGHT COMPANY AND THE
METHOD OF PAYMENT THEREOF BEGINNING IN 1992;
AMENDING SECTION 9 OF ORDINANCE NO. 11,683,
AND FOR OTHER PURPOSES.
M
445
WHEREAS, Arkansas Power and Light company (the "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, Arkansas (the
"City ") and to sell, furnish, transmit and distribute electric
power and energy to the City and citizens residing therein; and
WHEREAS, the Power Company is now providing electric
service to the City and its inhabitants and occupying the
streets, alleys, airways and other public rights -of -way within
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 legally authorized to impose and the
Power Company is obligated to pay a just and reasonable
franchise fee in connection with its operations in the City.
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:
For the year beginning January 1, 1992, 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
053
)5.10
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
446
within the corporate limits of the City of Little Rock
or the sum of Eight Million Eight Hundred Thousand
Dollars ($8,800,000), whichever is greater. Such 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 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conflict herewith are hereby repealed; provided, however, only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 Power Company is operating, as set forth in ordinance
11,683, as amended.
SECTION 4. This ordinance shall be in effect on and after
January 1, 1992.
PASSED: November 19, 1991
i. ►�!„ ;
ROBBIB - AN
CITY CLERK
APPROVED AS TO FORM:
THOMAS M.
CITY ATTORNEY
�
P1 OR4
Ma
MST
�