HomeMy WebLinkAbout2009-12-07 AgendaSubject to change as finalized by the City Clerk. For a final official copy, contact the City Clerk's Office 356-5040.
Iowa City ~- r ~~~
Cit Council Agenda ~'~®''~
y CITY OF IOWA CITY
Special Formal ~
December 7, 2009 - 6: p.m.
City Hall - Harvat Hall
410 E. Washington www.icgov.org
ITEM NO. 1 CALL TO ORDER ~~ ~ ~/~~
Roll Call
ITEM NO. 2 CONSIDER AN ORDINANCE AMENDING TITLE 12, ENTITLED
oq.. -43 7~ "FRANCHISES", OF THE CITY CODE TO ADD A CHAPTER IMPOSING
A FRANCHISE FEE ON THE GROSS REVENUE OF FRANCHISEE
MIDAMERICAN ENERGY COMPANY DERIVED FROM THE
DISTRIBUTION AND RETAIL SALE OF ELECTRICITY AND THE
DISTRIBUTION, DELIVERY AND RETAIL SALE OF NATURAL GAS BY
MIDAMERICAN, OR OTHER NATURAL GAS PROVIDERS UTILIZING
THE DISTRIBUTION SYSTEM OF MIDAMERICAN, TO CUSTOMERS
WITHIN THE CURRENT OR FUTURE CORPORATE LIMITS OF THE
CITY OF IOWA CITY, AND ON A REVENUE PURPOSE STATEMENT
SPECIFYING THE PURPOSE OR PURPOSES FOR WHICH THE
REVENUE COLLECTED FROM THE FRANCHISE FEE WILL BE
EXPENDED. (DEFERRED FROM 12/1) (PASS AND ADOPT)
Comment: Iowa City's current gas and electric franchises with
MidAmerican Energy Company reserve to the City the right to impose a
franchise fee on MidAmerican's gross revenue from the sale of electricity
and natural gas. Senate File 478 enacted by the state legislature during
the 2009 session legalized such a franchise fee. This legislation requires
the City, prior to adopting a franchise fee rate ordinance, to prepare and
publish a revenue purpose statement specifying the purpose or purposes
for which the revenue collected from the franchise fee will be expended. In
accordance with Council direction the proposed ordinance includes the
revenue purpose statement, published on October 26, 2009 and imposes
a 2% franchise fee. ~~ ~~~~~ ~~ q
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ITEM NO. 3 CONSIDER A MOTION O ADJOURN THE SPECIAL MEETING.
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