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HomeMy WebLinkAboutCity Council Resolution 2014-018CITY OF PLYMOUTH RESOLUTION NO. 2014-018 PUBLICATION SUMMARY OF ORDINANCE NO. 2014-02 OFFICIAL SUMMMARY FOR PUBLICATION ORDINANCE ESTABLISHING A FRANCHISE FEE FOR CENTERPOINT ENERGY Ordinance Number 2014-02 was recently adopted by the City Council. Because of the lengthy nature of the ordinance, the following summary of the ordinance has been prepared for publication as authorized by law. The Ordinance imposes a franchise fee on Centerpoint Energy, its successors and assigns, as part of the franchise previously granted the company by ordinance number 2014-02. Ordinance 2014-02 provides for the imposition, collection, quarterly payment and periodic auditing of a franchise fee at the following rates: Residential $2.00 per month Firm A $3.00 per month Firm B $10.00 per month Firm C $40.00 per month Small Volume, Dual Fuel A ("SVDF A") $40.00 per month Small Volume, Dual Fuel B ("SVDF B") $40.00 per month Large Volume, Dual Fuel ("LVDF") $40.00 per month Printed copies of both ordinances are available for inspection by any person during the City Hall regular office hours. Approved for publication by the City Council of the City of Plymouth, Minnesota this 14th day of January, 2014.