19852ORDINANCE NO. 19,852
AN ORDINANCE TO AMEND IN PART ORDINANCE NO. 11,366
TO PROVIDE FOR LEVYING A FRANCHISE FEE TO BE PAID BY
CENTERPOINT ENERGY ARKLA FOR THE YEAR 2008; TO
PROVIDE FOR THE PAYMENT THEREOF; AND FOR OTHER
PURPOSES.
WHEREAS, CenterPoint Energy Arkla ( "the Gas Company') is authorized by
franchise ordinance to operate a gas distribution system and appurtenances
thereto, used in or incident to the rendition of gas service to the City of Little
Rock, Arkansas ( "the City ") and the inhabitants residing therein; and
WHEREAS, the Gas Company is now and will be occupying the streets,
alleys and rights -of -way of the City for the purpose of operating, maintaining,
and extending its gas services to the City and supplying the City and consumers
therein gas service; and
WHEREAS, the City is legally authorized to impose, and the Gas Company
is obligated to pay a just and reasonable franchise fee in connection with the
operations in the City.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
Section 1. Section 1 of Ordinance No. 1 1 ,366, as amended, is amended
to read as follows:
For the year 2008, CenterPoint Energy Arkla (the Gas Company)
shall on a monthly basis pay a franchise fee in an amount equal to
five and two tenths percent (5.2%) of the Gas Company's gross
revenues as paid to it during the calendar year 2008 by all of its
customers, including but not limited to industrial, residential and
commercial customers located within the corporate limits of the
City of Little Rock or the sum of Two Million One Hundred
Thousand Dollars ($2,100,000) per year, whichever is greater. The
auditor of the Gas Company shall certify said gross revenues.
Section 2. Payments to the City by CenterPoint Energy Arkla 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are hereby repealed; provided, however, only to the extent that the same are in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 on and afterjanuary 1, 2008.
PASSED: November 6, 2007
ATTEST:
Nanc Wood, City Clerk
APPROVED:
Mark Stodola, Mayor
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City ttorney