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HomeMy WebLinkAbout002 - 04/22/1918 - AMENDING SECTION 4 OF ORDINANCE NO. 006, 1904, RELATING TO THE GRANTING OF A FRANCHISE FOR THE ERECT ORDINANCE NO. 7 1918. JMENDING SECTION 4 OF ORDINANCE NO. 6, 1904, RELATING TO THE GRANTING OF�FRANCHISE FOR THE ERECTION AND OPERATION OF GAS WORKS. WHEREAS, Section 4 of Ordinance No. 6, 1904 relating to the granting of a franchise for the erection and oper- ation of gas works provides that the grantee of said fran- chise many and shall charge not to exceed one dollar and fifty cents ($1.50) per one thousand cubic feet of gas consumed for light and one dollar ($1.00) per one thousand cubic feet of gas consumed for fuel or power purposes and WHEREAS, The Poudre Valley Gas Co. successor in inter- est of the grantee of the franchise under said Ordinance No. 6 has ap-lied to the City Council for permission to change and increase its schedule of rates for gas and where- as, said application together with said schedule of rates and a statnent of the earnings and operating expenses of said company for the months of January and February, 1918 were duly referred to a committee by the City Council for investigation and report as to the reasonableness or unrea- sonableness of the proposed increase in rates for gas and WHEREAS, said committee did on the 3d day of April, 1918 duly report to the City Council as follows : "Your committee on the investigation of the reasonable- nesa or unreasonableness of the rates of the Poudre Valley Gas Co. beg to report as follows: We find upon examination of the company' s books that owing to the increased cost of labor, sup-lies and material the ccmpany is at the present time oper- ating at aloss. The books will shoes that operating under normal conditions they have been able to pay less than 1% -1- dividenl per year on the average during the past twelve years and have never paid any interest on their capital investment . It would, therefore, seem to your committee that they are justified in changing their rates to the amount given in their schedule of rates filed with the Public Utilities Commission, " and there- upon said report was duly adopted bythe City Council and an order entered prcvidin6 for the submission of an amendment to the original franchise ordinance adopting the proposed schedule of rates for said gas company. NOW THEREFORE BE IT ORDA QED BY THE CITY COUNCIL OF THE CITY OF FORT CCLLI7S. Section 1 . That in consideration of the premises, Section 4 of Ordinance No. 6, 19C4, relating to the granting of a franchise for the erection and operation of gas works be amended so as to read as follows : l' Section 4. The Poudre Valley Gas Co. , successor in interest of the grantee;under said Ordinance No. 6, may and shall charge not to exceed the following rates for gas consumed within the City of Fort Collins and may enforce the regulations prescribed herein, and the following rates : First 10 M cubic feet of consumption per month, $1.25 net or $1.35 gross per M cubic feet . Next 10 M cubic feet of consumption per month, $1 . 15 net per M cubic feet . Next 10 M cubic feet of consumption per month, $1.05 net per M cubic feet . For all consumption during the month in excess of 30 M cubic feet, $0.90 net per M cubic feet . Minimum Monthly Guarantee . 5-light meters, 40.50 net or $C . 60 gross per month per meter . 10-light meters, 0.75 net or "0.85 gross per month per meter. -2- 20-light meters or larger, w1 .0 net or Z.1 .10 gross per month per meter . Prompt Payment Discount : Bills will be rend"red of the gross rate of �L.35 per ,I. cubic fact for the first 10 1 cubic feat, or for t o minimum and discounted tc the net rate, if paid within 1.0 days from the data thereof. No discount given on prepayment meters. )) Section 2. The Poudre Valley Gus Company as the successor in interest of t'Oe grantee undar ss,id Ordinance No. 6, shall within five dwys after t`:e final rassµge and public- ativn of this ordinance ,file its .tritten acceptance of t .e provisions of this ordinance with the City Clerk, and the said company shall at the close of the fiscal year, 1918, and at the Close of each fiscal year thereafter, file with the City Clerk a sworn statement of the gross receipts derived each year from the operation of said gas works as a basis for computing the franchise tax due the city each year. Introduced, read and ordered published at a regular C ��y ad ourned meeting of the Cbuncil held April 4, 1916 . Pawed ar_d adopted this LLZday of April, A. D. 1918. Commissioner of Safety and Ex-Officic 34ayor . ATTEST its Clerk. -3- STATE OF COLORADO ) - ss CUJNTY OF LARIMER ) I, E. J. Gregory, City Clerk of the City of Fort Collins, do hereby certify and declare that the foregoing ordinance consisting of two (2) sections was duly proposed and read wt length at art wd�-owed zegulw meeting of the City Council held on the 4th day of April, A. D. 1918, .au d was duly ordered by aye and nay vote to be published onePin full in The Fort Collins Express, a daily newspaper of the City of Fort Collins, in ac-,ordance with the provisions of Section 7 of Article I$ of the City Charter; that thereafter and on, to-a;it, the day of 19181 *Lz at a regular meeting of the City Council the said Ordinance came before said council upon its final passage, a period of rr.ore than ten days having elapsed since its publication as above set forth, and that said ordinance was upon second reading adopted as an ordinance, and thereafter and on, to-,,sit, the A/ day of 1918, said Ordinano No. as finally passed and adopted was duly published in The Fort Collins Express, a daily newspaper published in the said City of Fort Collins, Colorado. In Witness Whereof, I have hereunto set my hand this day of 1918. C4 C rk.