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HomeMy WebLinkAbout153881 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. 15,388 AN ORDINANCE LEVYING ADDITIONAL PRIVILEGE FEES TO BE PAID BY SOUTHWESTERN BELL TELEPHONE COMPANY FOR THE YEAR 1988; AND PROVIDING FOR THE PAYMENT THEREOF. M r 562 WHEREAS, the Southwestern Bell Telephone Company (hereinafter sometimes referred to as "Telephone Company ") is duly authorized by ordinance to operate its telephone system and all business incidental to or connected with the conduct of a telephone business and system in the City of Little Rock, all beneficial to the inhabitants thereof residing in said municipality; and WHEREAS, the Telephone Company is now and will be occupying the streets and alleys of the City for the purpose of operating and maintaining its telephone system to the municipality and the inhabitants and customers residing in said municipality; and WHEREAS, the City is entitled to receive just and reasonable fees from the Telephone Company which the City may lawfully impose and the Telephone Company is entitled to pay. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. There is hereby imposed and Southwestern Bell Telephone Company shall pay to the City a privilege fee in an amount equal to seven and thirty -two hundredths percent (7.32$) of the Company's access line billing revenues for the calendar year 1987 or a minimum of One Million Eight Hundred Seventy Thousand Dollars ($1,870,000.00). SECTION 2. Payments to the City by Southwestern Bell Telephone Company for the net additional fee as provided for in Section 1 hereof shall be made monthly by the 30th day of each month except for the payment the month of December which shall be made by the 15th of December. SECTION 3. Not later than March 31, 1988, Southwestern Bell's access line revenue collected in Little Rock during 1987 o- a7 Al 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 • . 563 will be certified to the City by a responsible official of the Company. April and subsequent monthly payments will be adjusted to provide the total amount due the City in 1988 (7.32$) of 1987 certified revenue. SECTION 4. The City recognizes and accepts the purposes and results of an Order of the Arkansas Public Service Commission entered on February 7, 1980, in Docket U -30132 relating to the treatment by the Telephone Company of all city special fees. In fees, together with costs of collection thereof, provided for by Section 1 hereof, may be passed on to the customers of the Telephone Company in keeping with the provision of the said Order of the Arkansas Public Service Commission. SECTION S. It is acknowledged that Ordinance No. 11,345 amended by Ordinance No. 14,981 which set out the terms and conditions of the present privilege authority under which the Telephone Company is operating is the controlling document over this franchise. SECTION 6. Nothing herein contained shall be construed as altering or amending any other rights or obligations of the City or the Telephone Company and provided for in Ordinance No. 11,345 except that portion of Section 2 of Ordinance No. 11,345 pertaining to the method of calculating the Telephone Company's annual privilege fee. SECTION 7. This Ordinance shall be in effect January 1, 1988. PASSED: December 9, 1987 ATTEST: APPROVED: . /� 1i ��...._.� / / ' •• • ••D MT., ,i AS.TO FORM: CITY ATTORNEY