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05-9669r 269 RESOLUTION NO. 9669 RESOLUTION APPROVING SUMMARY PUBLICATION OF AN ORDINANCE AMENDMENT TO APPENDIX E OF THE RICHFIELD CITY CODE WHICH PERTAINS TO THE FRANCHISE ORDINANCE WHEREAS, The City of Richfield has adopted the above referenced ordinance, amending Appendix E to the Richfield City Code, and WHEREAS, the verbatim text of the amendment is cumbersome, and the expense of publication of the complete text is not justified. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, that the following summary is hereby approved for official publication: SUMMARY PUBLICATION BILL NO. 2005-14 AN ORDINANCE MODIFYING THE ELECTRIC FRANCHISE FEE ON NORTHERN STATES POWER D/B/A XCEL ENERGY FOR PROVIDING ELECTRIC SERVICE WITHIN THE CITY OF RICHFIELD The purpose of this ordinance amendment is to modify the franchise fee on Northern States Power d/b/a Xcel Energy under its Electric Franchise Agreement commencing with the Xcel Energy's January 2006 billing month. FEE SCHEDULE Class Residential Sm C & I - Non-Dem Sm C & I - Demand Large C & I Fee Per Meter $1.65 $5.10 $11.33 $73.65 Franchise fees are to be collected by the utility and submitted to the City on a quarterly basis. The utility may surcharge the fees to its customers as permitted by law. The City will review the ordinance by June 20, 2008 to determine whether to continue, terminate or modify the fee. Copies of the ordinance are available for public inspection in the Administrative Services Department during normal business hours or upon request by calling Chris Regis, Finance Manager at 612-861-9723. Adopted by the City Council of the City of Richfield, Minnesota this 25 h ber 2005. ATTEST: 'iJA'A~ J:iwtA Nancy Gibbs ity Clerk