HomeMy WebLinkAboutOrdinances (O-07-1640)-09/18/2007ORDINANCE 0-07-1640
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS,
AMENDING ORDINANCE 0-95-999, SECTION 2, MODIFYING THE TRANSFER FOR
FRANCHISE FEES FROM THE UTILITY FUND TO THE GENERAL FUND
(WHEREAS, the City Council desires to modify the provisions for transfer of a franchise
fee from the Utility Fund to the General Fund as contained in Ordinance O-
95-999 so that it will be commensurate with fees paid by other franchise
holders.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT the amount of franchise fee paid by the Utility Fund to the General
Fund shall be four percent of gross operating revenues as of September 30tH
of the preceding fiscal year.
Sec. 2. THAT the effective date of this ordinance shall be October 1, 2007
'AND IT IS SO ORDERED.
T f' st read'ng and public hearing being conducted on the 'S~ ~ day of
2007.
The s cond re ding and public hearing being conducted on the ~~ day of
2007.
ATTEST•
', Cynthia Singleton,
City Secretary
'' DD ~ -` ~~"~ CITY OF COLLEYVILLE
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TRMC, CMC
APPROVED AS TO FORM AND LEGALITY:
Matthew C.G. Boyle
', ,City Attorney
David Kelly
Mayor