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(i) Effective Date of Franchise Fee. The effective date of this Ordinance shall be February 1, 2014. <br />Collection of the fee shall commence March 1, 2014. <br />(j) Relation to Franchise Agreement. This ordinance is enacted in compliance with the Franchise <br />Agreement and shall be interpreted as such. <br />(k) Periodic Review. The City Council may review this ordinance from time to time to determine <br />whether the fees set hereby should be amended. <br />(1) Permit Fees. The Company will administer the collection and payment of franchise fees to the <br />City. Said fees are not in lieu of permit fees, or other fees that may be imposed on the Company in <br />relation to its operations as a public utility in the City. <br />(m) Rebate Program. The City will rebate the lesser annual amount paid for franchise fees versus <br />special assessments over the remaining term of the special assessments, regardless if the assessment <br />was pre -paid or is currently being paid through property taxes. Rebates will be in the form of a <br />credit to the fourth quarter municipal utility bill of qualifying property addresses. This rebate <br />program applies strictly to qualifying property addresses during the effective term of their current <br />assessment or this ordinance, whichever expires first. <br />Section 2. Effective Date. This ordinance takes effect as provided by the City Charter. This <br />ordinance shall terminate 5 years from the date passed and adopted by the City. If the termination <br />date falls within the middle of a 3 month collection period, the ordinance shall terminate at the end <br />of the collection period. <br />PASSED AND ADOPTED by the Ramsey City Council this 12 day of November, 2013. <br />Attest: <br />City Clerk <br />Introduction date: <br />Continuation date: <br />Posting dates: <br />Adoption date: <br />Publication date: <br />Effective date: <br />Mayor <br />October 8, 2013 <br />October 22, 2013 <br />October 22, 2013 — November 12, 2013 <br />November 12, 2013 <br />November 15, 2013 <br />February 28, 2014 <br />(Published in the Anoka County Union the 25 day of October, 2013.) <br />3 <br />