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-220- <br /> <br />The City of Ramsey is not the only City looking to franchise fees as a possible revenue <br />source. Several of our neighboring communities have either inquired about, in the <br />process of, or have put in place, the adoption of a franchise fee ordinance. Each of these <br />cities is faced with the same dilemma: major (or total) cuts in state aids and loss of <br />levying power at a time of major growth within their communities. <br /> <br />Recommendation: <br /> <br />Staffrecommends scheduling public hearings to introduce ordinances establishing <br />franchise fees at the rate of 4.5% of total revenues. <br /> <br />Council Action: <br /> <br />Motion to schedule public hearing to introduce Ordinances #03-XX and #03-XX <br />establishing franchise fees on gas and electric utilities at the rate of 4.5% of total <br />revenues. <br /> <br />Reviewed by: <br />City Administrator <br /> <br />FC: 5/27/03 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />