Title
An Ordinance creating and establishing for bid a non-exclusive gas franchise for the placement of facilities for the transmission, distribution and sale of gas for heating and other purposes within the public rights-of-way for an initial period of five years with up to two renewal periods of five years each; in return for payment to the Urban County Government of the sum of at least three percent (3%) of each franchisee's gross annual revenues received from the services provided within Fayette County, with the ability to be raised to five percent (5%); and further providing for compliance with relevant laws, regulations and standards; a performance bond; indemnification; insurance; access to property and inspections; reporting; audits; notice of filings with the public service commission; cancellation or termination; penalties for violations; and bid requirements; all effective on date of passage. [Chief Administrative Office, Hamilton]
Summary
Authorization to advertise for electric and gas franchise ordinances. (L0262-13) (Hamilton)
This is a request to advertise for electric and gas franchise ordinances. Under state law, utility franchises are required to be advertised for bid in order for the utility to use local government's public rights-of-way to locate its facilities. There is no budgetary impact.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
{Body of resolution or ordinance}