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<br />ORDINANCE NO. 1449
<br />SERIES 2004
<br />
<br />AN ORDINANCE AMENDING ARTICLE VI, SECTION 1 OF ORDINANCE NO. 554,
<br />SERIES 1977, AS AMENDED BY ORDINANCE NO. 994, SERIES 1989, ORDINANCE
<br />NO. 1258, SERIES 1997, ORDINANCE NO. 1296, SERIES 1999, AND ORDINANCE NO.
<br />1378, SERIES 2002, TO EXTEND TO AND INCLUDING NOVEMBER 10, 2004, THE
<br />ELECTRIC AND GASEOUS FUEL FRANCHISE GRANTED BY THE CITY OF
<br />LOUISVILLE, COLORADO TO PUBLIC SERVICE COMPANY OF COLORADO.
<br />
<br />WHEREAS, the electric and gaseous fuel franchise granted by the City of Louisville,
<br />Colorado, to Public Service Company of Colorado by Ordinance No. 544, May 17, 1977, as
<br />amended by Ordinance No. 994, May 16, 1989, Ordinance No. 1258, May 6, 1997, Ordinance
<br />No. 1296, April 20, 1999, and Ordinance No. 1378, Series 2002 ("franchise"), terminates May
<br />10,2004, and a extension thereof has been requested; and,
<br />
<br />WHEREAS, the City Council of the City of Louisville believes that the franchise should
<br />be extended to and included November 10, 2004; and
<br />
<br />WHEREAS, the City Council finds that such an extension of the franchise will allow for
<br />adequate consideration of proposed changes to the franchise and will allow time for completion
<br />and evaluation of legislative reviews and actions which may affect the franchise; and
<br />
<br />WHEREAS, the City Council finds that such an extension of the franchise is appropriate
<br />in view of the fact that many aspects of the gas and electric utility businesses are currently the
<br />subject of discussion, examination and inquiry by regulatory authorities and others, and that such
<br />activities, as well as ongoing discussions between the City and Public Service Company of
<br />Colorado, may affect the need for changes to the franchise.
<br />
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br />CITY OF LOUISVILLE, COLORADO:
<br />
<br />Section 1. Article VI, Section 1, of Ordinance No. 544, May 17, 1977, as
<br />amended by Ordinance No. 994, May 16, 1989, Ordinance No. 1258, April 15, 1997, Ordinance
<br />No. 1296, April 20, 1999, and Ordinance No. 1378, Series 2004, is hereby repealed and
<br />reenacted, with amendments, to read as follows:
<br />
<br />ARTICLE VI.
<br />
<br />Section 1. Term Effective Date. This ordinance shall become
<br />effective, as provided by law, thirty days after its publication following final
<br />passage, upon acceptance in writing by the Company within said period, and the
<br />terms, conditions and covenants thereof shall remain in full force and effect to and
<br />including November 10, 2004.
<br />
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