111.01 Franchise Granted | 111.08 Relocation of Property |
111.02 Nonexclusive Franchise | 111.09 Excavations |
111.03 State Code Restrictions | 111.10 Use of Company Facilities |
111.04 Service Area | 111.11 Indemnification |
111.05 Use of Public Ways | 111.12 Standards of Operation |
111.06 Trimming of Trees | 111.13 Police Regulations |
111.07 Annual Meeting | 111.14 Failure to Abide |
There is hereby granted to Mid-American Energy Company, an Iowa corporation, hereinafter called the “Company,” and its successors and assigns, the right and franchise to acquire, construct, erect, maintain and operate in the City, a system for the transmission and distr4ibution of electric energy and communication signals along, under, over, and upon the streets, avenues, alleys and public places to serve customers within and without the City, and to furnish and sell electric energy to the City and its inhabitants. For the term of the franchise the Company is granted the right of eminent domain, the exercise of which is subject to City Council approval upon application by the Company. the franchise shall be for a term of 25 years from and after its effective date; provided, however, there may be a re-evaluation option prior to the end of year 15 with the opportunity for both parties to request amendments. If such a request to re-evaluate or amend the franchise is made and the parties are unable to agree to amend within 60 days, then either party may terminate the franchise agreements at the end of year 15. If neither party requests such re-evaluation by means of a written notice to the other party at least 60 days prior to the expiration of year 15, the franchise shall continue without change.
† 7
Notes
| 7 | †
EDITOR’S NOTE: Ordinance No. 07-167, adopting an electric franchise for the City, was passed and adopted on February 20, 2007. |
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