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Ordinance 1989-0994
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Ordinance 1989-0994
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Last modified
3/29/2021 2:35:48 PM
Creation date
4/6/2006 3:25:41 PM
Metadata
Fields
Template:
City Council Records
Also Known As (aka)
Public Service Co Franchise
Doc Type
Ordinance
Signed Date
5/16/1989
Ord/Res - Year
1989
Ord/Res - Number
994
Original Hardcopy Storage
7E2
Supplemental fields
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ORD 1989-0994
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<br /> ORDINANCE NO. 994 <br /> AN ORDINANCE AMENDING AN ELECTRIC AND GASEOUS FUEL <br /> FRANCHISE GRANTED BY THE CITY OF LOUISVILLE, BOULDER <br /> COUNTY, COLORADO, TO PUBLIC SERVICE COMPANY OF COLORADO, <br /> ITS SUCCESSORS AND ASSIGNS <br />Be it ordained by the City Council of the City of Louisville, Boulder <br />County, Colorado: <br />Section I. Ordinance No. 544, pertaining to the Public Service <br />Company franchise is hereby amended as follows: <br />A. Article V, Section 1. Franchise Payment is repealed and <br />re-enacted as follows: <br />Section 1. Franchise Payment. As a further consideration <br />for this franchise, and accepted by the City in lieu of all <br />occupancy, occupation and license taxes or other taxes on <br />the right to do business, or other special taxes, <br />assessments or excises upon the property of the Company <br />(except uniform taxes or assessments applicable to all <br />taxpayers or businesses) , the Company shall pay to the City <br />a sum equal to three percent (3%) of all gross revenues <br />received from the sale and transportation of gas and from <br />the sale of electricity within the corporate limits of the <br />City, excluding all revenues received from the City for gas <br />and electric service furnished it. The term "gross <br />revenue" as used herein shall be construed to mean any <br />revenue derived within the City from the sale and <br />transportation of gaseous fuel and the sale of electrical <br />energy after the net write-off of uncollectible accounts <br /> -1- <br />
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