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LT SMP Costs & Funding Options <br />Franchise Fees - <br />• State law provides cities the ability to impose franchise fees to <br />utilities operating within their public right-of-way. <br />• Franchise fees can be dedicated solely to help pay for the <br />maintenance of existing city streets. <br />• If authorized by Council, staff can begin preparing draft franchise <br />fee ordinances to allow the city to collect fees from electric and gas <br />utilities. <br />• Staff recommends charging equal percentages to the electric and <br />gas utilities since there are approximately the same number of gas <br />and electric customers city-wide. <br />• By using franchise fee revenues, available MSA allocations, $500,000 <br />budgeted annually through the general fund, and GO bonding for <br />SMP projects, the city can fund our long term SMP for all city streets <br />over the next 5 to 10 years without using special assessments. <br />City of I,. <br />RAMSEY <br />August 27, 2013 CC Workshop <br />