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HomeMy WebLinkAbout15387• 11 M = = M 1 ORDINANCE NO. 15,387 2 3 AN ORDINANCE AMENDING IN PART SECTIONS 1 4 AND 2 OF ORDINANCE NO. 11,366 TO PROVIDE 5 FOR LEVYING ADDITIONAL PRIVILEGE FEE TO 6 BE PAID BY ARKANSAS LOUISIANA GAS COMPANY 7 FOR THE YEAR 1988; PROVIDING FOR THE 8 PAYMENT THEREOF. 9 10 WHEREAS, the Arkansas Louisiana Gas Company (hereinafter 11 sometimes referred to as "Gas Company ") is or will be duly 12 authorized by franchise ordinance to operate a gas distribution 13 system and appurtenances thereto, used in or incident to the 14 rendition of gas service to Little Rock, Arkansas and the 15 inhabitants thereof residing in said municipality; and 16 WHEREAS, the Gas Company is now and will be occupying the 17 streets and alleys of this City for the purpose of operating, 18 maintaining, and extending its gas services to the municipality 19 and supplying the municipality and consumers therein gas service; 20 and 21 WHEREAS, the municipality is entitled to receive such just 22 and reasonable fees from the Gas Company which the City may 23 lawfully impose and the Gas Company is entitled to pay. 24 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF 25 THE CITY OF LITTLE ROCK, ARKANSAS: 26 SECTION 1. That the sale, furnishing, transmission and 27 distribution of gas and energy by the ARKLA Gas Company in the 28 City is hereby declared to be a special privilege; and that the 29 use of City owned lands and properties is a special privilege; and 30 that for the latter privilege the Gas Company shall pay to the 31 City a special fee, charge or imposition, as follows: 32 For the year 1988, the Gas Company shall pay in 33 equal monthly installments beginning January 34 1988, the sum of Two Million, Three Hundred 35 Fifty Thousand Dollars ($2,350,000.00) or an 36 amount equal to five and two - tenths percent .t �> a 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 • ® 561 (5.2 %) of the Gas Company's gross revenues as paid to it during the calendar year 1988 by industrial, residential and commercial customers located within the corporate limits of the City of Little Rock, whichever is greater. Said gross revenues shall be certified by an officer of the 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 payable by the 15th of each month. SECTION 3. It is acknowledged that Ordinance No. 11,366 as amended by Ordinance No. 14,982 which set out the terms and conditions of the present privilege authority under which the Gas Company is operating is the controlling document over this franchise. SECTION 4. All ordinances and parts of ordinances that conflict herewith are hereby repealed. Provided, however, Ordinance No. 11,366 of the City of Little Rock is repealed only to the extent that the same is in direct conflict herewith and 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 5. This ordinance shall be in effect January 1, PASSED: December 9, 1987 ATTEST: B P (�z l CITY CLERK JAN CZECH APPROVE AS TO RM: MARK STODOLA, CITY ATTORNEY