HomeMy WebLinkAbout20068ORDINANCE NO. 20,068
AN ORDINANCE TO FIX AND IMPOSE THE AGGREGATE AMOUNT OF FEES AND
CHARGES TO BE PAID THE CITY OF LITTLE ROCK, ARKANSAS BY ENTERGY AND
THE METHOD OF PAYMENT THEREOF; AMEND SECTION 9 OF ORDINANCE NO.
11,683; AND FOR OTHER PURPOSES.
WHEREAS, Entergy 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, Entergy 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:
For the year beginning ,January 1, 2009 and each year thereafter, 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repealed; provided, however, only to the extent that the same are in direct conflict herewith.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, 2009.
PASSED: December 22, 2008
ATTEST:
Na ;ive
cyWoot,City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City t o Zey
APPROVED:
Mark Stodola, Mayor