12-06-16- Revenue Purpose Statement

RESOLUTION No. 12-06-16

 

RESOLUTION ADOPTING REVENUE PURPOSE STATEMENT REGARDING

USE OF REVENUES FROM PROPOSED GAS AND ELECTRIC FRANCHISE

FEES PURSUANT TO IOWA CODE 364.2(4)(f)

 

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WHEREAS, the City of Beacon, Iowa, is considering adoption of electric and natural gas franchise ordinances under which a franchise fee will be assessed; and

 

WHEREAS, Iowa Code 364.2, subsection (4)(f) requires adoption of a “Revenue Purpose Statement” by a city council prior to the adoption of any franchise containing a franchise fee or any ordinance imposing a franchise fee specifying the purpose or purposes for which any revenue generated by a franchise fee will be used; and

 

WHEREAS, as required by Iowa Code 364.2, subsection (4)(f), a copy of the proposed Revenue Purpose Statement has been published in the manner provided by Iowa Code 362.3.

 

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Beacon, Iowa, as follows:

 

Section 1: The following Revenue Purpose Statement is hereby adopted by the City Council of the City of Beacon, to wit:

 

REVENUE PURPOSE STATEMENT REGARDING USE OF

REVENUE FRM GAS AND ELECTRIC FRANCHISE FEES

 

Pursuant to Iowa Code 364.2(4)(f), the City of Beacon states that all revenue generated from franchise fees assessed on the sales of gas and electricity and distribution services within the City shall be deposited in the franchise fee account in the general fund and shall be used to reimburse the City for all costs associated with inspecting, supervising or otherwise regulating its franchises. Monies in the franchise fee account in the general fund in excess of the amounts necessary for costs associated with inspecting, supervising or otherwise regulating its franchises shall be expended for any of the following:

 

Repair, remediation, restoration, cleanup, replacement and improvement of existing public improvements and other publicly owned property, buildings and facilities; projects designed to prevent or mitigate future disasters as defined in Iowa Code 29C.2, energy conservation measures for low-income homeowners, low-income energy assistance programs, and weatherization programs, public safety, including the equipping of fire, police, emergency services, sanitation, street, and civil defense departments; the establishment, construction, reconstruction, repair, equipping, remodeling, and extensions of public works, public utilities, and public transportation systems; and the construction, reconstruction, or repair of streets, highways, bridges, sidewalks, pedestrian underpasses and overpasses, street lighting fixtures, and public grounds, and the acquisition of real estate needed for such purposes, abatement of fees for property damaged by a disaster as defined in Iowa Code 292C.2, and economic development activities and projects.

 

Section 2: The City Clerk shall cause this Revenue Purpose Statement Regarding Use of Revenue from Gas and Electric Franchise Fees, as adopted, to be published in the manner required by Iowa Code 362.3.

 

 

 

ADOPTED AND APPROVED this 6th day of December, 2016

 

 

Mayor, Jim Hughes

 

 

Attest:

 

City Clerk, Jaimie Williamson