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<br />ORDINANCE NO. 1522
<br />SERIES 2007
<br />
<br />AN EMERGENCY ORDINANCE AMENDING ARTICLE VI, SECTION 1 OF
<br />ORDINANCE NO. 554, SERIE:S 1977, AS AMENDED BY ORDINANCE NO. 994,
<br />SERIES 1989, ORDINANCE NO.. 1258, SERIES 1997, ORDINANCE NO. 1296, SERIES
<br />1999, ORDINANCE NO. 1378, SERIES 2002, ORDINANCE NO. 1449, SERIES 2004,
<br />ORDINANCE NO. 1458, SERIES 2004, AND ORDINANCE NO. 1472, SERIES 2005, TO
<br />EXTEND TO AND INCLUDING DECEMBER 31, 2007, THE ELECTRIC AND
<br />GASEOUS FUEL FRANCHISE GRANTED BY THE CITY OF LOUISVILLE,
<br />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, Ordinance No. 1378, Series 2002, Ordinance No. 1449, Series 2004,
<br />Ordinance No. 1458, Series 2004, and Ordinance No. 1472, Series 2005, ("franchise"),
<br />terminates July 15,2007, 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 including December 31, 2007; and
<br />
<br />WHEREAS, the City Council finds that such an extension of the franchise will allow for
<br />adequate time for additional negotiations and consideration of a new 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 there are ongoing discussions between the City and Public Service
<br />Company of Colorado (Xcel Energy), regarding a new franchise.
<br />
<br />NOW, THEREFORE, HE 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 amended
<br />by Ordinance No. 994, May 16, 1989, Ordinance No. 1258, April 15, 1997, Ordinance No. 1296,
<br />April 20, 1999, Ordinance No. 1378, Series 2004, Ordinance No. 1449, Series 2004, and
<br />Ordinance No. 1458, Series 2004, and Ordinance No. 1472, Series 2005, is hereby repealed and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
<br />and including December 31, 2007, or until a new agreement is entered into
<br />between the parties, or until the franchise is otherwise terminated.
<br />
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