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10-10368r RESOLUTION NO.10368 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.2010-6 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 August 2010 billing month. Fee Schedule Class Fee Per Meter Residential 2.05 Sm C & I —Non-Dem 6.33 Sm C & I —Demand 14.08 Large C &I 91.51 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 30, 2011 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 Link, Operations Manager Streets/Forestry at 612-861-9174. Adopted by the City Council of the City of Richfield, A innesota this 25th • - of May 2010. 1 Debbie Goettel, Mayor ATT ST. Nancy Gibbs, C Clerk