HomeMy WebLinkAbout17359ORDINANCE NO. 17,359
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3 AN ORDINANCE FIXING AND IMPOSING THE
4 AGGREGATE AMOUNT OF FEES AND CHARGES TO BE
5 PAID THE CITY OF LITTLE ROCK, ARKANSAS BY
6 ARKANSAS POWER AND LIGHT COMPANY AND THE
7 METHOD OF PAYMENT THEREOF BEGINNING IN 1997;
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9 AMENDING SECTION 9 OF ORDINANCE NO. 11,683, AND
10 FOR OTHER PURPOSES.
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13 WHEREAS, Arkansas Power and Light Company (the 'Power Company ") is duly
14 authorized by franchise agreement to, among other things, construct, operate, maintain and
15 extend an electric system within the City of Little Rock, Arkansas (the "City ") and to sell,
16 furnish, transmit and distribute electric power and energy to the City and citizens residing
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18 therein; and
19 WHEREAS, the Power Company is now providing electric service to the City and its
20 inhabitants and occupying the streets, alleys, airways and other public rights -of -way within
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the City pursuant to said franchise agreement, and making certain payments to the City in
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23 lieu of all other taxes, fees, charges, impositions, and licenses, except general taxes; and
24 WHEREAS, the City is legally authorized to impose and the Power Company is
25 obligated to pay a just and reasonable franchise fee in connection with its operations in the
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27 City.
28 NOW, THEREFORE BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
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30 THE CITY OF LITTLE ROCK, ARKANSAS:
31 SECTION 1: Section 9 of the Franchise Agreement which is Little Rock, Ark.,
32 Ordinance No. 11,683, as amended, is hereby amended to include the following:
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34 For the year beginning January 1, 1997, the Power Company shall pay in
35 monthly installments, the sum of five and two tenths percent (5.2 %) of the
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Power Company's gross revenue collection as paid to it by industrial,
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, 1997.
PASSED: December 17, 1996
ATTEST:
CITY CLERK ROBBIE HANCOCK
APPROVED AS TO FORM:
T> CARPENTER
CITY ATTORNEY
APPROVED:
&
M#bR JIM DAILEY
LOOM