HomeMy WebLinkAbout18581ORDINANCE NO. 18,581
AN ORDINANCE FIXING AND IMPOSING THE
AGGREGATE AMOUNT OF FEES AND CHARGES
TO BE PAID THE CITY OF LITTLE ROCK,
ARKANSAS BY ENTERGY AND THE METHOD OF
PAYMENT THEREOF BEGINNING IN 2002;
AMENDING SECTION 9 OF ORDINANCE NO.
11,683, AND FOR OTHER PURPOSES.
WHEREAS, Entergy (formerly Arkansas Power and Light Company) is duly
authorized by a 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, Emergy 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 Entergy 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:
0 0
For the year beginning January 1, 2002, Entergy shall pay in monthly
installments, the sum of five and two tenths percent (5.2 %) of the 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. The Company's auditor
shall certify such gross revenues.
SECTION 2: Payments to the City by Entergy 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hereby repealed; provided, however, only to the extent that the same are in direct conflict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 Entergy is operating, as set forth
in Ordinance 11,683, as amended.
SECTION 4. This ordinance shall be in effect on and after January 1, 2002.
PASSED: October 16, 2001
ATTEST:
i Clerk ancy Wood
APPROVED AS TO FORM:
wk. r,414 '—'
THOMAS M. CARPENT
CITY ATTORNEY
APPROVED:
a or Jim Dailey