ARTICLE I. RECOUPMENT OF FRANCHISE FEES
32.001 Recoupment of franchise fees
ARTICLE II. MUNICIPAL UTILITIES DEPARTMENT
32.100 Creation of Municipal Utilities Department; functions
32.101 Municipal Utilities Superintendent
32.102 Division of the Municipal Utilities Department
32.103 Water rates
32.104 Electric rates
ARTICLE III. ELECTRIC AND WATER UTILITIES FOR BEREA COLLEGE
32.200 Adopting the Berea College Electric and water utilities
ARTICLE I. RECOUPMENT OF FRANCHISE FEES
In the event that the city becomes the owner of any public utility subject to a franchise fee, on and after the date of such acquisition, in order to replace and recoup in a revenue neutral fashion any such amount of franchise fee paid or payable, each bill to customers for such public utility acquired by the city shall include a franchise replacement fee equal to 3% of the gross bill for the utility service provided, which amount shall be remitted to the city for such replacement.
(Ord. No. 16-04, § 1, 8-3-04)
Loading...