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ORDINANCE NO. 1378
<br />SERIES 2002
<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, AND ORDINANCE NO. 1296, SERIES 1999, TO EXTEND TO
<br />AND INCLUDING MAY 10, 2004, THE ELECTRIC AND GASEOUS FUEL
<br />FRANCHISE GRANTED BY THE CITY OF LOUISVILLE, COLORADO TO PUBLIC
<br />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, and
<br />Ordinance No. 1296, April 20, 1999 ("franchise"), terminated June 15, 2001, and a extension
<br />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 May 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, and
<br />Ordinance No. 1296, April 20, 1999, is hereby repealed and reenacted, with amendments, to read
<br />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 May 10, 2004.
<br />
<br />
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