HomeMy WebLinkAboutOrdinances (O-95-0999)-09/05/1995
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ORDINANCE 0-95-999
AN ORDINANCE OF THE CITY OF COLLEYVILLE, TEXAS, AMENDING
SECTIONS 2 AND 3 OF ORDINANCE 0-94-957 BY MODIFYING THE
TRANSFERS FOR FRANCHISE FEES AND ADMINISTRATIVE CHARGES
BETWEEN THE UTILITY FUND AND THE GENERAL FUND.
WHEREAS,
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WHEREAS,
the City Council desires to modify the provisions for transfers of a
franchise fee and administrative charges from the Utility Fund to the
General Fund as contained in Ordinance 0-94-957.
sections 2 and 3 of Ordinance 0-94-957 be revised as follows.
I .1 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1.
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II Sec. 2.
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I Sec. 3.
Sec. 4.
That a franchise fee shall be paid from the Utility Fund to the
General Fund in the last quarter of each fiscal year. The amount of
the franchise fee shall be two percent (2%) of gross operating
revenues as of September 30 of the preceding fiscal year.
That an Operating Transfer shall be paid from the Utility Fund to the
General Fund for administrative services provided to the Utility Fund
from the General Fund. Said transfer shall be made during the last
quarter of the fiscal year. The amount of the administrative service
transfer shall be four percent (4%) of the operating revenues as of
Septem ber 30th of the preceding fiscal year.
All provisions of any ordinances of the City which are inconsistent
herewith, are hereby repealed.
That the effective date of this ordinan ce shall be immediate upon its
passage.
AND IT IS SO ORDERED.
Ordinance 0-95-999
Page 2
>>;fl~~/re.ading and public hearing being conducted on the J! day of
, 1995.
tJ,jl:scon~ reading and public hearing being conducted on the J5~day of
I 1995.
lte thir~ reading and public hearing being conducted on the 5~ day of
( 'ffm u: 1995.
ATTEST:
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CITY OF COLLEYVI LLE:
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Ed Baker
Mayor
J n Harris, CMC
City Secretary
4?7E~:ORM AND LEGALITY:
Ross T. Foster
City Attorney
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