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1 <br />LT SMP Costs & Funding Options <br />Franchise Fees - <br />• Franchise fees are simply fees charged to private utilities that derive <br />benefit from using public right-of-ways to conduct their business. <br />• The utility company typically passes the franchise fee along to the <br />consumer via the utility companies invoice, which would likely <br />include a note stating that the fee is being imposed by the city as a <br />means to fund the street maintenance program. <br />• Franchise fees do provide a dedicated, renewable and secure <br />funding stream for long-term street maintenance programs. <br />• Based on the results of a survey completed by the city of Ramsey in <br />2011, a majority of our residents responded that they would prefer to <br />make small monthly payments through a franchise fee versus being <br />assessed larger sums of money over a term of several years. <br />City of I,. <br />RAMSEY <br />August 27, 2013 CC Workshop <br />1 <br />