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HomeMy WebLinkAboutOrdinance No. 95-10 ..ii... wr, e � . ORDINANCE NO. 95-10 AN ORDINANCE AMENDING CITY OF FRIENDSWOOD, TEXAS, ORDINANCE NO. 85-22 , PASSED AND APPROVED THE 23RD DAY OF SEPTEMBER, 1985, AND BEING AN ORDINANCE GRANTING TO TEXAS-NEW MEXICO POWER COMPANY THE RIGHT, PRIVILEGE AND FRANCHISE TO CONDUCT AN ELECTRIC UTILITY BUSINESS WITHIN THE CITY, BY STRIKING ALL OF SECTION 7 THEREOF AND SUBSTITUTING THEREFOR A NEW SECTION 7; PROVIDING FOR PAYMENT TO THE CITY, AS CONSIDERATION FOR USE OF THE CITY'S STREETS, EASEMENTS, AND RIGHTS-OF-WAY, AN AMOUNT EQUAL TO THREE PERCENT (3%) OF THE GROSS RECEIPTS FROM THE SALE OF ELECTRICITY WITHIN THE CITY; AND PROVIDING OTHER MATTERS RELATING TO THE SUBJECT. * * * * * BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF TEXAS; Section 1. City of Friendswood, Texas, Ordinance No. 85-22, passed and approved the 23rd day of September, 1985, and being an ordinance granting to Texas-New Mexico Power Company the right, privilege and franchise to conduct an electric utility business within the City, is hereby amended by striking therefrom all of Section 7, which provides as follows: [Section 7 . The Grantee shall report and pay during January, April, July, and October of each year during the term of this franchise ordinance a street rent equal to two per cent (2%) of the gross receipts of the sale of electricity only for residential and commercial electric service, as classified by Grantee's tariff schedules, within the corporate limits of the City for the next preceding three months' period. The charge herein made shall be in lieu of, to the extent permitted by law, any other charges or fees of any kind by the City based on, connected with, or incident to the exercise of the nonexclusive right, privilege, and franchise herein granted, but shall not interfere with collection of ad valorem taxes by the City. ] and substituting therefor a new Section 7 to provide as follows: "Section 7 . The Grantee shall report and pay durinq January, April, July, and October of each year during the FWD\TEX-N EW M EX.ORD\0327 96 term of this franchise ordinance a street rental equal to three per cent (3%) of the gross receipts of the sale of electricity only for residential and commercial electric service, as classified bY Grantee's tariff schedules, within the corporate limits of the City for the next preceding three months' period. The charge herein made shall be in lieu of, to the extent permitted by law, anv other charges or fees of any kind by the City based on, connected with or incident to the exercise of the nonexclusive right, privileae, and franchise herein aranted, but shall not interfere with collection of ad valorem taxes by the City. " Section 2 . This amendment to City of Friendswood, Texas, Ordinance No. 85-22 shall take effect the first day of the calendar quarter following acceptance hereof by Grantee, which acceptance shall be evidenced by the filing by Grantee with City Secretary the following: "To the City of Friendswood, Texas: "The Company for itself, its successors and assigns, hereby accepts the above and foregoing Ordinance, same being an amendment to City of Friendswood, Texas, Ordinance No. 85-22, and agrees to be bound by all of its terms and provisions. Texas-New Mexico Power Company By: l�OtC • GL".� y���;l(v� 'li�E P�� l��:NT-tiEGiG�1�Al.C:;STO'f�F3 OFFtCEf� DATED the ���day of /�i4`� , 1995. " Section 3 . No provision of said City of Friendswood, Texas, Ordinance No. 85-22 shall be deemed amended, revised, or otherwise affected hereby except as specifically provided in Section 2 hereof. PASSED AND APPROVED on first reading this 3rd day of April 1995. a FVYD\TEX-N EW M EX.ORD\032786 -2� PASSED AND APPROVED on second reading this 17th day of April , 1995. PASSED, APPROVED, AND ADOPTED on third and final reading this lst day of May , 1995. .� � �� � Evelyn . Newman Mayor ATTEST: t � . � Deloris McKen ie, City Secretary FWO\TEX-NEWMEX.ORD\032796 -3-