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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 adoption of these Ordinances approving a franchise fee in the amount <br />of $3.00 per residential meter and $6.00 per commercial meter on the accounts of <br />Connexus Energy, City of Anoka, and CenterPoint Energy, Mirmegasco. <br /> <br />Council Action: <br /> <br />Motion to adopt Ordinance #03- and Ordinance #03- · establishing franchise fees <br />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 />10/28/03 <br /> <br />-138- <br /> <br /> <br />