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HomeMy WebLinkAboutOrdinance No. 2019-02 Amending Electric Franchise FeeFirst Reading: January 23, 2019 Second Reading: March 19, 2019 Published: Attest: a n „is •n, City Clerk lames B. Hovland, Mayor ORDINANCE NO. 2019-2 AN ORDINANCE AMENDING ORDINANCE 2012-16 IMPLEMENTING AN ELECTRIC SERVICE FRANCHISE FEE ON NORTHERN STATES POWER COMPANY, A MINNESOTA CORPORATION, D/B/A XCEL ENERGY, ITS SUCCESSORS AND ASSIGNS, FOR PROVIDING ELECTRIC SERVICE WITHIN THE CITY OF EDINA THE CITY COUNCIL OF THE CITY OF EDINA DOES ORDAIN: SECTION I. Schedule "A" of Ordinance 2012-16 is amended as attached hereto. SECTION 2. Effective Date of Franchise Fee. The effective date of this Ordinance shall be after its publication and ninety (90) days after the sending of written notice enclosing a copy of this adopted Ordinance to Xcel Energy by certified mail. Please publish in the Edina Sun Current Send two Affidavits of Publication Bill to Edina City Clerk 195622v1 SCHEDULE "A" Franchise Fee Rates: Electric Utility The franchise fee shall be in an amount determined by applying the following schedule per customer premise/per month based on metered service to retail customers within the City: Class Current Effective 07/01/2019 Residential $ 2.40 $ 2.90 Sm C&I, Non-Dem $ 4.08 $ 4.90 Sm C&I, Demand $11.40 $13.68 Large C&I $48.60 $58.32 Franchise fees are to be collected by the Utility at the rate listed below, and submitted to the City on a quarterly basis as follows: January — March collections due by April 30. April — June collections due by July 31. July — September collections due by October 31. October — December collections due by January 31. 195622v1