HomeMy WebLinkAbout16326•RDINANCE NO. 16,326
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3 AN ORDINANCE AMENDING IN PART ORDINANCE NO.
4 11,366 TO PROVIDE FOR LEVYING A FRANCHISE FEE TO
5 BE PAID BY ARKANSAS LOUISIANA GAS COMPANY FOR
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THE YEAR 1993; PROVIDING FOR THE PAYMENT
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S THEREOF.
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10 WHEREAS, the Arkansas Louisiana Gas Company ( "the Gas Company ") is
11 authorized by franchise ordinance to operate a gas distribution system and appurtenances
12 thereto, used in or incident to the rendition of gas service to the City of Little Rock,
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Arkansas ( "the City ") and the inhabitants residing therein; and
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15 WHEREAS, the Gas Company is now and will be occupying the streets, alleys and
16 rights -of -way of the City for the purpose of operating, maintaining, and extending its gas
17 services to the City and supplying the City and consumers therein gas service; and
is
19 WHEREAS, the City is legally authorized to impose and the Gas Company is
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obligated to pay a just and reasonable franchise fee in connection with the operations in the
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22 City.
23 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
24 THE CITY OF LITTLE ROCK, ARKANSAS:
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SECTION 1. Section i of Ordinance No. 11,366, as amended, is amended to read
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27 as follows:
28 For the year 1993, the Gas Company shall on a monthly basis pay a franchise
29 fee in an amount equal to five and two tenths percent (5.2 %) of the Gas
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Company's gross revenues as paid to it during the calendar year 1993 by all
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32 of its customers, including but not limited to industrial, residential and
33 commercial customers located within the corporate limits of the City of Little
34 Rock or the sum of Two Million One Hundred Thousand Dollars
35 ($2,100,000) per year, whichever is greater. Said gross revenues shall be
36 certified by an officer of the Gas Company.
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• 686
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 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 after January 1, 1993.
PASSED: December 21, 1992
ATTEST:
CITY CLERK ROBBIE HANCOCK
APPROVED AS TO FORM:
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APPROVED:
0�k�l'^
YOR SHARON PRIEST
L.