City Council Minutes 2007 12 04 - Laserfiche WebLink

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City Council Meeting Minutes December 4, 2007 Page 6 of 10 • PSCO agrees in the event of any regulatory changes, they will assist the City in modifying the franchise to assure the City receives compensation in the amount of the franchise fees. • PSCO will budget and allocate an annual amount equivalent to 1 % of the preceding year's Electric Gross Revenue for the purpose of undergrounding existing overhead distribution facilities in the City. • PSCO obligation regarding coordination of work, restoration of City property, relocation of Facilities, and reliability of service. • The City reserves the right to engage in the production of utility service to the extent permitted by law. PSCO agrees to negotiate in good faith a long term contract to purchase City generated power made available for sale, including contracirs for rebates, and bill credits. • Regarding the Environment and Conservation, PSCO agrees to provide information and support respecting renewable energy programs. • The Street Lighting and Traffic Signal Lighting Service Agreement provide more detail and specific timeframes for completion of work related to street lights and traffic signals. • Xcel Energy additionallly provides a letter granting the City a right of first purchase on Company property. • A letter regarding projects within the urban renewal area qualifying as a public project as definE~d in the franchise. Craig Eicher, Xcel Energy Representative, stressed this franchise represents a lot of environmentally friendly changes. He outlined Xcel Energy's environmental goals they will propose to the Public Utilities Commission: increase the wind/power portfolio; solar power/thermal storage plant; on-site solar program - SolarAwards; energy efficient programs; retire two older coal fired power plants; and public workshops on energy conservation. PUBLIC COMMENT Doug Grinbergs, 935 W. Sycamore Circle, Louisville, CO read an article from the Sierra Club Magazine, which complimented Xcel Energy for their environment and conservation efforts. He referred to an article in the Cool City campaign, which supports energy efficient traffic lights and street lighting. He addressed Xcel Energy's reliability of service for street lighting and offered suggestions. Annie Hughes, 1405 Garfield Court, Louisville, CO voiced her excitement over the environmental language aidded to the Franchise Agreement. She addressed the agreement and suggested changing the reference of residents to customers. She asked Xcel Energy if tax credits will continue. Mr. Dudley Spitler, Attorney rE;presenting Xcel Energy, addressed the term resident and explained it means each customer. The term is consistent in all