Lexington-Fayette Urban County Government - File #: 0512-13

• File #: 0512-13
• Version: 1
• Name: Franchise Fee Increase
• Type: Ordinance
• Status: Held in Council
• File created: 5/8/2013
• In control: Budget and Finance Committee
• Final action: 5/8/2013
• Title: An Ordinance amending Ordinance No. 34-2013 and Ordinance No. 35-2013 and the Franchise Agreements with Ky. Utilities Co., Inc.; Blue Grass Energy Cooperative Corp.; Clark Energy Cooperative, Inc.; Columbia Gas of Ky., Inc; and Delta Natural Gas Co., Inc., to increase the franchise fees for each utility from three percent (3%) to four percent (4%) of gross revenues effective July 1, 2013. [Office of the Chief Administrative Officer, Hamilton]

Date	Ver.	Action By	Action	Result
6/6/2013	1	Urban County Council	Table	Pass
5/23/2013	1	Urban County Council	Received First Reading
5/21/2013	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
An Ordinance amending Ordinance No. 34-2013 and Ordinance No. 35-2013 and the Franchise Agreements with Ky. Utilities Co., Inc.; Blue Grass Energy Cooperative Corp.; Clark Energy Cooperative, Inc.; Columbia Gas of Ky., Inc; and Delta Natural Gas Co., Inc., to increase the franchise fees for each utility from three percent (3%) to four percent (4%) of gross revenues effective July 1, 2013. [Office of the Chief Administrative Officer, Hamilton]
Summary
Authorization to increase franchise fees to 4% for the five (5) impacted franchisees (Kentucky Utilities, Blue Grass Electric, Clark Energy, Columbia Gas, and Delta Natural Gas) effective July 1, 2013. (L0512-13) (Hamilton)
This is a request to increase franchise fees to 4% for the five (5) impacted franchisees (Kentucky Utilities, Blue Grass Electric, Clark Energy, Columbia Gas, and Delta Natural Gas) effective July 1 2013.

Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
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Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the current franchise fees for the respective electric and natural gas franchises with Kentucky Utilities Company, Inc. (Resolution No. 153-2013); Blue Grass Energy Cooperative Corporation (Resolution No. 154-2013); Clark Energy Cooperative, Inc. (Resolution No. 152-2013); Columbia Gas of Kentucky, Inc. (Resolution No. 151-2013); and Delta Natural Gas Company, Inc. (Resolution No. 150-2013), have all been established at three percent (3%) of each franchisees' gross revenues as defined in their respective franchise agreements and ordinances; and
WHEREAS, pursuant to the terms and provisions of Lexington-Fayette Urban County Government Ordinance No. 34-2013 and Ordinance No. 35-2013, and the respective franchise agreements the Lexington-Fayette Urban County Government, through the Urban County Council, has the right to impose upon each franchisee a franchise fee in...