HomeMy WebLinkAboutOrdinance No. 5453STATE OF IOWA, } I do solemnly swear that the annexed copy of legal
City of Waterloo
Ordinance 5453
Black Hawk County, SS Notice was published in the Waterloo-Cedar Falls
Courier, a daily newspaper printed in Waterloo, Black
Hawk County, Iowa, once commencing on the 6th
day of June, 2018 in the name of said newspaper, and
ORDINANCE NO. 5453 that the annexed rate of advertised is the regular legal
AN ORDINANCE AMENDING THE rate of said newspaper, and that the following CODE OF ORDINANCES OF THE CITY$ is a
OF WATERLOO, IOWA, BY AMENDING
THE NATURAL GAS FRANCHISE. correct bill for publishing Said notice.
WHEREAS, the City of Waterloo, Iowa,
and MidAmerican Energy Company en-
tered into franchise agreement for Natural
Gas Ordinance No. 5028, adopted by the Printer's Bill $21.60
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 Signed
of the franchise agreement:
7/1/13 7/1/14
Residential Customers 2%3%
Non-Residential Customers 2%3%
I 2. That Section 14 of Ordinance No. 5028
i is hereby struck and the following Section Subscribed and sworn to before me this
i, 14 is substituted therefore: Section 14:
There is hereby imposed upon the
customers a franchise fee of 4 percent
upon the gross revenues, minus uncollec-
tible accounts, generated from sales of Day of A.D., 20
electricity and distribution service, pur-
suant 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 � lI
following the close of the calendar quarter
in which the franchise fee is charged.
INTRODUCED:May 29, 2018, PASSED Notary Public
1st CONSIDERATION: May 29, 2018,
PASSED 2nd CONSIDERATION: May
29, 2018 PASSED 3rd CONSIDERA-
TION: May 29, 2018, PASSED AND Received of
ADOPTED this 29th day of May 2018.
Quentin Hart, Mayor
ATTEST: Kelley Fel chle, City Clerk
the sum of
Dollars.
In full for publication of the above notice.
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