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<br />be necessary to insure continuous and uninterrupted service to each and all <br /> <br />of its customers and the proper measurement thereof and payment therefor, <br /> <br />provided that the Company shall keep on file in its Louisville office, available <br /> <br />to the public, copies of its Rate Schedules, Standards for Service, Rules and <br /> <br />Regulations and Service Connection and Extension Policies currently in effect <br /> <br />and as are effective from time to time with The Public Utilities Commission of <br /> <br />the State of Colorado. <br /> <br />ARTICLE V. <br /> <br />Section 1. Franchise Payment. As a further consideration for this <br /> <br />franchise, and accepted by the City in lieu of all occupancy, occupation and <br /> <br />license taxes or other taxes on the right to do business, or other special <br /> <br />taxes, assessments or excis4~s upon the property of the Company (except <br /> <br />uniform taxes or assessments applicable to all taxpayers or businesses), the <br /> <br />Company shall pay to the City a sum equal to three percent (3%) of the first <br /> <br />five thousand dollars ($5,000.00) of annual gross revenue derived from the <br /> <br />sale of electric energy within the corporate limits of the City to each customer <br /> <br />at anyone location and a SlJm equal to two percent ~2%) of the annual gross <br />, <br /> <br />revenue derived from the sale of electric energy within the corporate limits <br /> <br />of the City in excess of fiye thousand dollars ($5,000.00) to each customer <br /> <br />at anyone location; and a sum equal to two percent (2%) of the gross revenues <br /> <br />derived from the sale of gaseous fuel within the corporate limits of the City, <br /> <br />excluding all revenue receDled in excess of two thousand-five hundred dollars <br /> <br />($2,500.00) derived per annum from the sale of gaseous fuel within the corporate <br /> <br />limits of the City to each eustomer at anyone location; provided, however, there <br /> <br />shall be excluded from all such gross revenue, all amounts paid to the Company by <br /> <br />the City for electric and gas service furnished it. In the event that the Company <br /> <br />should pay to any other city or town located in Company's Rate Area II as <br /> <br />defined in Company's Tariffs on file with The Public Utilities Commission of <br /> <br /> <br />the State of Colorado effective of even date herewith in which Company provides <br /> <br />either gas or electric service, or both, a higher level of franchise payments <br /> <br />expressed as a percentage of gross revenue than is herein provided, the Company <br /> <br />agrees to place the same percentage formula in effect under this franchise. <br /> <br />-5- <br />