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The City of Ramsey is proposing a franchise fee of $3.00/per meter on all residential <br />meters for both gas and electric service which would result in an overall annual franchise <br />fee to a residential user in the amount of $72.00. A $6.00/per meter would be charged <br />on all commercial accounts with a total franchise fee of $144.00. With the set rates of <br />$3.00 and $6.00 for residential and commercial accounts respectively, the City would <br />receive approximately $404,000 in franchise fee revenue per year. Franchise fee <br />revenues would be used to offset the loss that the City received in loss of State Aids <br />which totaled $477,900. <br /> <br />Recommendation: <br /> <br />Staff recommends approval of the franchise fee in the amount of $3.00 per residential <br />meter and $6.00 per commercial meter on the accounts of Connexus Energy, City of <br />Anoka, and CenterPoint Energy, Minnegasco. <br /> <br />Council Action: <br /> <br />Motion to introduce Ordinance #03- and Ordinance #03-__ establishing franchise <br />fees on gas and electric utilities at the rate of $3.00 per residential meter and $6.00 per <br />commercial meter. <br /> <br />Reviewed by: <br />City Administrator <br /> <br />10/14/03 <br /> <br /> <br />