HomeMy WebLinkAbout16559M
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9M
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ANCE NO . 16,559
O • 735
AN ORDINANCE FIRING AND IMPOSING THE AGGREGATE
AMOUNT OF FEES AND CHARGES TO BE PAID THE CITY
OF LITTLE ROCK, ARKANSAS BY ARKANSAS POPPER AND
LIGHT COMPANY AND THE METHOD OF PAYMENT
THEREOF BEGINNING IN 1994; AMENDING SECTION 9
OF ORDINANCE NO. 11,683, AND FOR OTHER
PURPOSES.
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, 1994, 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,
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commercial, and residential users located 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 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conflict herewith are hereby repealed; provided, however, only to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, 1994.
PASSED: December 21, 1993
ATTEST:
CITY CLERK ROBBIE HANCOCK
APPROVED AS TO FORM:
ZA�4-4k-o V. a
THOMAS M. CAKPENTE
CITY ATTORNEY
APPROVED:
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736