Ord 1981-066 - Laserfiche WebLink

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SECTION 4. That section 5 of Ordinance 1977-13, adopted March 28, 1977, is hereby amended to read as follows: Section 5. That no later than the tenth day of January, April, July and October of each year the Lower Colorado River Authority shall pay to the City of ~San Marcos~ TeXas, four percent (4%) of its gross receipts from sales of electricity to res- idents of the City of San Marcos as a franchise fee. ne Under the Lower Colorado River AuthOrity's presently effective tariffed rates, two percent (2%), or ~ of the four percent (4%) franchise fee, is included in the Lower Colorado River Authority's retail rates over and above the Lower Colorado River Authority's cost of service. The remaining 2%, or ½ of the 4% franchise f~e, sha!l be cOllecte~ as a separately identified surcharge to the bills of the residents of the City of San Marcos. Should said collection pattern be changed during the term of this franchise by any regulatory authority with putative power to do so, the City of San Marcos and the Lower Colorado River Authority shall nego- tiate with each other to establish a method of collection of the four percent (4%) franchise fee. Ce That for the purpose of verifying the respective quarterly gross revenues and receipts of Lower Colorado River Authority in regard to establishing the quarterly franchise fee payments to be paid to the City, Lower Colorado River Authority shall, in accordance with State Law and upon re- quest of the City Council of the City of San Marcos, provide to said City certified information pertaining to the economics of its operations, said information to include, but not be limited to, wholesale and retail costs and revenues, system improvements, both existing and planned, accounting of computa- tions of any fuel adjustment charges to whole- sale and retail consumers, cost of service studies, existing or as requested, and any other information which may be required from time to time from Lower Colorado River Authority by the City Council of the City of San Marcos for the purpose of meeting is legal responsibil- ities and duties as the Governing Body of said City. De That Lower Colorado River Authority shall, through its distribution lines, furnish and continue to furnish electric power and energy to City for private use by its inhabitants, individually and for use by the City in pro- viding the inhabitants of City the following essential services: water supply, sewerage disposal, lighting of thoroughfares, public parks, and traffic signals; at the rates and under the conditions specified in rate schedules %hen applicable thereto, as duly passed and adopted by separate ordinance of the City Council of the City of San Marcos. Ee That Lower Colorado River Authority shall, by continuing to exercise its franchise, protect and hold City harmless against all claims for