HomeMy WebLinkAbout5453-5/29/2018 Prepared by Kelley Felchle, City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
ORDINANCE NO. 5453
AN ORDINANCE AMENDING THE CODE OF ORDINANCES
OF THE CITY OF WATERLOO, IOWA, BY AMENDING THE
ELECTRIC FRANCHISE.
WHEREAS,the City of Waterloo, Iowa, and MidAmerican Energy Company entered
into franchise agreement for,Electric Ordinance No. 5028, adopted by the City Council on
February 21, 2011, and
WHEREAS,the City of Waterloo and MidAmerican Energy Company agree the
franchise must be amended.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO,IOWA AS FOLLOWS:
1. That Section 14 of Ordinance No. 5028 reads as follows:
Section 14. There is hereby imposed upon, and shall collected from persons
located within the corporate limits of the City who are retail electric customers of the
Company, receiving service pursuant to the tariff, a franchise fee of the gross receipts
from each revenue class as set forth below, minus uncollectable amounts, derived by the
Company from the delivery and sale of electric energy to such customers. The Company
shall remit such franchise fees to the City within 60 days of collection. City imposes the
following fee upon the following revenue classes, effective July 1, 2013, and July 1,
2014, for the length of the franchise agreement:
7/1/13 7/1/14
Residential Customers 2 % 3 %
Non-Residential Customers 2 % 3 %
2. That Section 14 of Ordinance No. 5028 is hereby struck and the following Section
14 is substituted therefore:
Section 14: There is hereby imposed upon the customers a franchise fee of 4
percent upon the gross revenues, minus uncollectible accounts, generated from sales of
electricity and distribution service, pursuant to the Tariff, by the Company within the
corporate limits of the City. The franchise fee shall be remitted by the Company to the
City on or before the last business day of the calendar quarter following the close of the
calendar quarter in which the franchise fee is charged.
INTRODUCED: May 29,2018
PASSED 1st CONSIDERATION: May 29, 2018
PASSED 2nd CONSIDERATION: May 29, 2018
PASSED 3rd CONSIDERATION: May 29, 2018
Ordinance No. 5453
Page 2
PASSED AND ADOPTED this 29th day of May 2018.
Quentin Hart, Mayor 1
ATTEST:
Kelley F h e
City Cler
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Ordinance No. 5453 as passed and adopted by the City
Council of the City of Waterloo, Iowa, on the 29th day of May 2018.
Witness my hand and seal of office this 29th day of May 2018.
Kelley Felc e
City Clerk
SEAL