HomeMy WebLinkAbout1994-166U WPDOMORMTREET.REN
ORDINANCE NO. Q K715P
AN ORDINANCE ESTABLISHING A STREET RENTAL FEE, TO BE TRANSFERRED
FROM THE ELECTRIC FUND REVENUES TO THE GENERAL FUND OF THE CITY;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Sec. 12.03(a) of the City's Charter provides that the
City Council shall fund all necessary expenses of operation and
maintenance of the utility systems; and
WHEREAS, Sections 13.02 and 13.03 of the City's Charter pro-
vide that the City Council shall have the power and right to col-
lect from every public utility operating in the City, a reasonable
sum as compensation for the right and privilege enjoyed, as the
Council may determine by ordinance or contract with such utility;
and
WHEREAS, the City's Electric Utility is an enterprise function
and public utility of the City of Denton; and
WHEREAS, the Electric Utility utilizes and occupies the
streets and rights -of -way of the City to provide utility service to
the citizens of Denton; and
WHEREAS, it is customary that electric utilities compensate
the cities which they serve for the right to utilize and occupy the
City's streets and rights -of -way as a street rental, or franchise
fee; and
WHEREAS, the Public Utility Board has recommended that the
Electric Utility System pay a fee equal to one percent of the
electric utilities gross revenues as payment for use of the City
streets and rights of way; and
WHEREAS, the City Council finds that it is a necessary and
proper expense of the operation and maintenance of the Electric
System to compensate the City's General Fund for the use of the
City's streets and rights of way in the amount of one percent of
the System's gross revenues; NOW, THEREFORE;
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the City Council adopts the findings set
forth in the preamble hereof.
SECTION II. That the City Manager is hereby authorized to
transfer a sum equal to one percent of the gross revenues of the
City's Electric Utility Fund to the City's General Fund as com-
pensation for the use and occupancy of the City's streets and
rights -of -way.
SECTION III. That this ordinance shall take effect on October
1, 1994.
PASSED AND APPROVED this the Z5L' day of J1994.
CASTLEBERRY, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
DEBRA A. DRAYOVITCH, CITY ATTORNEY
l
BY: 191'1112��Y
Page 2