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<br />ORDINANCE NO. 1472
<br />SERIES 2005
<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, ORDINANCE NO. 1378,
<br />SERIES 2002, ORDINANCE NO. 1449, SERIES 2004, AND ORDINANCE NO. 1548,
<br />SERIES 2004, TO EXTEND TO AND INCLUDING JULY 15, 2007, THE ELECTRIC
<br />AND 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 />and Ordinance No, 1548, Series 2004, ("franchise"), was last extended through February 10,
<br />2005, and an additional 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 July 15, 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 there are ongoing discussions between the City and Public Service Company
<br />of Colorado (Xcel Energy), regarding a new 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 amended by
<br />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Ordinance 1458, Series 2004, is hereby repealed and reenacted, with amendments, to read as
<br />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 July 15, 2007,
<br />
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