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02-42 - ON TOWN OF PROSPER ORDINANCE NO. 02-42 AN ORDINANCE AMENDING THE EXISTING ELECTRIC FRANCHISE BETWEEN THE TOWN OF PROSPER AND ONCOR ELECTRIC DELIVERY COMPANY, TO PROVIDE FOR A DIFFERENT CONSIDERATION; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY ONCOR ELECTRIC DELIVERY COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, Oncor Electric Delivery Company, successor in interest to TXU Electric Company (hereinafter called "Oncor") is engaged in the business of providing electric utility service within the Town of Prosper (hereinafter called "Town") and is using the public streets, alleys, grounds and rights -of -ways within the Town for that purpose under the terms of a franchise ordinance heretofore duly passed by the governing body of the Town and duly accepted by Oncor; and WHEREAS, the Town and Oncor desires to amend said franchise ordinance to provide for a different consideration; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: that SECTION 1: The existing electric franchise ordinance between the Town and Oncor Electric Delivery Company is amended as follows: A. Effective January 1, 2002, the franchise fee due from Oncor shall be a sum comprised of the following: (1) a charge, as authorized by Section 33.008(b) of PURA, based on each kilowatt hour of electritown delivered by Oncor to each retail customer whose consuming facility's point of delivery is located within the Town's municipal boundaries and as specified by Oncor to the Town by letter dated January 21, 2002. (a) The franchise fee due pursuant to Section 33.008(b) of PURA shall be payable in accordance with the existing electric franchise; and (2) a sum equal to four percent (4%) of gross revenues received by Oncor from services identified in its "Tariff for Retail Delivery Service", Section 6.1.2, "Discretionary Service Charges," items DD1 through DD24, that are for the account or benefit of an end -use retail electric consumer. (a) The franchise fee amounts based on "Discretionary. Service Charges" shall be calculated on an annual calendar year basis, i.e., from January 1 through December 31 of each calendar year. (b) The franchise fee amounts that are due based on "Discretionary Service Charges" shall be paid at least once annually on or before April 30 each year based on the total "Discretionary Service Charges" received during the preceding calendar year. B. Oncor Franchise Fee Recovery Tariff (1) Oncor may file a tariff amendment(s) to provide for the recovery of the franchise fee on Discretionary Service Charges. (2) Town agrees (i) to the extent the Town acts as regulatory authority, to adopt and approve that portion of any tariff which provides for 100% recovery of the franchise fee on Discretionary Service Charges; (ii) in the event the Town intervenes in any regulatory proceeding before a federal or state agency in which the recovery of the franchise fees on such Discretionary Service Charges is an issue, the Town will take an affirmative position supporting the 100% recovery of such franchise fees .: by Oncor and; (iii) in the event of an appeal of any such regulatory proceeding in which the Town has intervened, the Town will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by Oncor. (3) Town agrees that it will take no action, nor cause any other person or entity to take any action, to prohibit the recovery of such franchise fees by Oncor. SECTION 2: In all respects, except as specifically and expressly amended by this ordinance, the existing effective franchise ordinance heretofore duly passed by the governing body of the Town and duly accepted by Oncor shall r :nain in full force and effect according to its terms until said franchise ordinance terminates as provided therein. SECTION 3: This ordinance shall take effect upon its final passage and Oncor's acceptance. Oncor shall, within thirty (30) days from the passage of this ordinance, file its written acceptance of this ordinance with the Office of the Town Secretary in substantially the following form: Page 2 of 3 To the Honorable Mayor and Town Council: Oncor Electric Delivery Company, acting by and through the undersigned authorized officer, hereby accepts in all respects, on this the —day of 04-e-c , 20 _, Ordinance No. 02-4p amending the current electric franchise between the Town and Oncor and the same shall constitute and be a binding contractual obligation of Oncor and the Town. Oncor Electric Delivery Company President SECTION 4. J Lis'hereby officially found and determined that the meeting at which this Ordinance is passed is open to the public as required by law and that public notice of the time, place and purpose of said meeting was given as required. PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROPSER, TEXAS, this the loth day of September, 2002, at which meeting a quorum was present and voting. ATTE I'trw'n'Secretary Amber Phill s APPROVED AS TO FORM: Town Attorney I. r yor Jim Dunmire Page 3 of 3 Contract No. Prosper Electric Franchise W] K FRANCHISE AMENDMENTS ( ORDINANCE NO. 93-05 AN ORDINANCE AMENDING THE EXISTING FRANCHISE BETWEEN THE CITY AND TEXAS UTILITIES ELECTRIC COMPANY TO PROVIDE FOR A DIFFERENT CONSIDERATION; EXTENDING THE TERM OF SAID EXISTING FRANCHISE; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY TEXAS UTILITIES ELECTRIC COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, Texas Utilities Electric Company (hereinafter called "TU Electric") is engaged in the business of providing electric utility service within the City and is using the public streets, alleys, grounds and rights -of -ways within the City for that purpose under the terms of a franchise ordinance heretofore duly passed by the governing body of the City and duly accepted by TU Electric; and f- WHEREAS, TU Electric has, pursuant to said franchise ordinance, been paying to the City a sum equal to three percent (3%) of its gross receipts from the retail sale of electric power and energy within the City for the rights and privileges set forth in said franchise ordinance and, in addition thereto, has reimbursed the City for its ratemaking expenses pursuant to Section 24 of the Public Utility Regulatory Act; and WHEREAS, the City and TU Electric desire to amend said franchise ordinance to provide for a different consideration to consist of a sum equal to four percent (4%) of its gross receipts from the retail sale of electric power and energy within the City, which different consideration includes, among other things, TU Electric's obligation to reimburse the City for its ratemaking and other regulatory expenses to be incurred by the City involving the regulation of TU Electric; Now, Therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PROSPER , TEXAS: SECTION 1. The consideration payable by TU Electric for the rights and privileges granted to TU Electric by the franchise ordinance heretofore duly passed by the governing body of this City and duly accepted by TU Electric is hereby changed to be four percent (46) of its gross receipts from the retail sale of electric power and energy within the corporate limits of the City, said changed percentage to be applied to said gross receipts beginning on June 1, 1993, and being payable as specified in said franchise ordinance and based upon the same time periods as specified in said franchise ordinance and being, payment for the said rights and privileges during the period specified in said franchise ordinance, said payment being in lieu of and shall be accepted as payment for all of TU Electric's obligations to pay municipal charges, fees, rentals, pole rentals, wire taxes, inspection fees, easement taxes, franchise taxes, certain regulatory expenses under Section 24 of the Public Utility Regulatory Act or any similar or successor law, or other charges and taxes of every kind, except ad valorem taxes, sales and use taxes, and special taxes and assessments for public improvements. SECTION 2. TU Electric shall make a one-time adjustment to the first payment due after June 1, 1993, under the said franchise ordinance heretofore duly passed by the governing body of this City Ira and duly accepted by TU Electric for the purpose of making the changed consideration as specified in Section 1 hereof effective on June 1, 1993, without altering the payment dates specified in said franchise ordinance, the amount of said adjustment being calculated as follows: (a) TU Electric shall determine the monthly average of its gross receipts from the retail sale of electric power and energy within the City during the period upon which the next franchise payment due to the City following June 1, 1993, is based; (b) the said monthly average of its said gross receipts shall be multiplied by to (0.01); and (c) the product so calculated shall be multiplied by the number of whole months from June 1, 1993, through the last day of the last month of the period for which the next franchise payment due to the City following June 1, 1993, is made. The amount of said adjustment shall be added to the said next franchise payment following June 1, 1993, determined in accordance with the provisions of said franchise ordinance as was in effect prior to this amendment. SECTION 3. Notwithstanding anything to the contrary in Section 1 hereof, if TU Electric files general rate cases and the City incurs cumulative expenses, otherwise reimbursable by TU Electric under Section 24 of the Public Utility Regulatory Act or similar or successor law, in excess of $4 million, then in such event, TU Electric shall reimburse all of the expenses incurred by the City in connection with all general rate cases filed during the period ended fifteen (15) years from the effective date hereof in excess of said $4 million. The term "general rate case" as used in this -3- Section means a rate case initiated by TU Electric in which it seeks to increase its rates charged to a substantial number of its customer classes in the City and elsewhere in its system and in which TU Electric's overall revenues are determined in setting such rates. City agrees to exercise reasonable best efforts, considering the facts and circumstances, to keep its expenses on average to under $1,000,000 per general rate case. SECTION 4. Notwithstanding the provisions of Section 1 hereof, TU Electric will continue to reimburse the City's ratemaking expenses, if any, in connection with the appeal and any remand of Public Utility Commission of Texas Docket No. 9300 that are otherwise reimbursable under Section 24 of the Public Utility Regulatory Act, and will continue to reimburse the City's ratemaking expenses, if any, in connection with Public Utility Commission of Texas Docket No. 11735 that are otherwise reimbursable under Section 24 of the Public Utility Regulatory Act to the extent that said ratemaking expenses are incurred through the entry of the last action by the Public Utility Commission of Texas (i.e., the said Commission's order overruling the last motion for rehearing) in said Docket No. 11735; the City hereby agrees that any ratemaking expenses incurred in connection with said Docket No. 11735 that the City incurs on appeal of said order will be the City's sole responsibility and further agrees -- in the events that the City is a participant in the joint intervention of cities managed by the Steering Committee of TU Electric Service Area Cities intervening in Docket No. 11735, that the City decides -4- to continue to participate with the Steering Committee in such appeal of said order, and TU Electric is required to reimburse said Steering Committee for ratemaking expenses under Section 24 of the Public Utility Regulatory Act that are incurred on appeal of said order in Docket No. 11735 -- to reimburse TU Electric the City's share of reimbursable expenses related to said appeal and owed by TU Electric to said Steering Committee determined by the methodology chosen by the said Steering Committee (the City to notify TU Electric of the method so chosen by the Steering Committee prior to the submission of an invoice by the Steering Committee for the payment by TU Electric of said reimbursable expenses related to said appeal). , SECTION 5. The said franchise ordinance heretofore duly passed by the governing body of this City and duly accepted by TU Electric shall not terminate as provided therein, but the initial term of said franchise ordinance is hereby extended for a period of fifteen (15) years from and after the date on which said franchise ordinance would have otherwise terminated but for this extension. SECTION 6. In all respects, except as specifically and expressly amended by this ordinance, the said franchise ordinance heretofore duly passed by the governing body of this City and duly accepted by TU Electric shall remain in full force and effect according to its terms. SECTION 7. This ordinance shall take effect from and after its final passage and TU Electric's acceptance. TU Electric shall, within fifteen (15) days from the passage of this ordinance, file -5- its written acceptance of this ordinance with the Office of the City Secretary in substantially the following form: To the Honorable Mayor and City Council: Texas Utilities Electric Company (TU Electric), acting by and through the undersigned authorized officer, hereby accepts, on this the 17th day of June , 1993, Ordinance No. 93_05 amending the current franchise between the City and TU Electric. TEXAS UTILITIES ELECTRIC COMPANY By: �"� �Q b-, a'jof=�k S ice Pre ent SECTION 8. It is hereby officially found and determined that the meeting at which this ordinance is passed is open to the public as required by law and that public notice of the time, place and purpose of said meeting was given as required. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF PROSPER TEXAS, this the Sth day of JUNE 1993 . Mayor ATTEST: L City Secre APPROVED AS TO FORM: City Attorney -6- >•rrr MELECTRIC June 17, 1993 Terry R. CrlMn Sr. Vice President TO THE MAYOR AND CITY COUNCIL OF THE CITY OF PROSPER, TEXAS: The undersigned hereby accepts the terms of that certain franchise passed and adopted by the City Council of the City of Prosper, Texas, by ordinance duly approved by the Mayor and attested by the City Secretary on June 8, 1993, same being, "AN ORDINANCE AMENDING THE EXISTING FRANCHISE BETWEEN THE CITY AND TEXAS UTILITIES ELECTRIC COMPANY TO PROVIDE FOR A DIFFERENT CONSIDERATION; EXTENDING THE TERM OF SAID EXISTING FRANCHISE; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY TEXAS UTILITIES ELECTRIC COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW." IN TESTIMONY WHEREOF, witness the corporate signature of Texas Utilities Electric Company by its duly authorized officer, this the 17th day of June, 1993. TEXAS UTILITIES ELECTRIC COMPANY Terry ffin Sr. Vice President Original acceptance o ranchise, of which the foregoing is a true copy, was filed in my office on the _ , day of , 1993, at &'o'clock -2—.m. (CITY SEAL) L City Secre City of Prosper, Texas 1506 Commerce Street Dallas. Texas 75201 (214) 698-3650 ORIGINAL FRANCHISE TEXAS xW; R k LIMT CC'H?.A,'fr The Honorable Mayor and Com lssion of the City of Prosper, Texa s :;entlement By the terms of a strut rental agreement between the City sand Texas Po•,rer & Light Company dated September 8, 1948 this Company pays annually to the City a sun equal to two percent (21, of its gross revenues derived from the sale of electric energy from its residential and co=ercial business conducted :within the corporate limits of the City. Texas mower & Light Company is wi- ling to pay a like percentage of .its 11,ross revenuum derived from Its industrial, governmental, and municipal business conduoted Within the City, and accordingly hereby agrees that said :;treat rental agreement shall be, and it hereby is, amended so that in addition to the payment heretofore required by said street rental agreement, Texas Power Px Light Company rhall ;gay to the City upon the date of �xceptance of this propnsal. the Sum of $310.82 and shall hereafter include, in computing its =innual payments of 2% of 711.s L;, oss revenues :._s specif ed in the aforesaid agreement dated September €3, 1948, its -roes revenues derived from its indus- trial, cover m-:ntal and municipal b sIx..evis ecndlicted within such City. If the foregoing is acceptable to you, please so indicate to the space providlod below. icurs very truly, TFJAS LIE" jT� GW AR Accepted: CITY OF :'RASP ,1 _9T�If XL -ham 3layor TEXAS POWER & LT GHT CCMPANY PROSPER , TETAS , ,T RENTAL PAIMENr } Statement of Industrial and Governmental and Municipal Revenues within the corporate limits of the City of Prosper months ended March 31, 1963s Industrial Governmental & Municipal Total , Texas, for the twelve $ 18, 944.73 1,776.96 $ 202721.69 This payment represents 2% as applied to 9/12 of the above Revenues (the next payment to be made on June 5, 1964, concurrently with the regular payment covering Residential & Commercial Revenues). 9 /12 X 2% X $ 20, 721. 69 = $ 310. 82 THE STATE OF TEXAS ) COUNTY OF DALLAS ) H. 0, Weatherbee, Jr., being duly sworn, says that he is Assistant Treasurer of the Texas Power & Light Company, that the above and foregoing statement is true and correct to the best of his knowledge and belief. /� surer Subscribed and sworn to before me, this the 19th day of July, A.D. 1963. x r OBLHT D. DANIELS, Notary Public in and for Dallas Co.. Tft- AN ORDINANCI AMBUING AN ORDINANCE GUNTING To TEAS PMER & LIGHT OOMPAKr, ITS SUOC1=R& AND ASSIOIit<, AN ELECTRIC LIGHT, HEAT AND FOWER MAXCKM ADOPTED it TU CITZ OOMU&ZON OF PHOS =, TEXAS, ON THE 26th Da Or NAitCH, 2924, 50 AS To Ex. TEND ?HE TEAK OF SAID FRANCHISE 29 MU MON ITS FSUSK RKPIRATION DATE. BE IT ORDAINED BY THE CITY CONUMON OF THE CITY Or PHOSPzR, TEMe Section is fiat the aleetris-light, heat aM power franchise heretofore granted to the Tess Power A Light Company by ordinam a adopted by the City Cessdsden of the City of Prosper, Tmm, on Marah 28, 1924, be azteoded for a period of twenty-nine (29) years frog and after the eupiration date named therein, so that the tars of snob franshise will extend to bash 28, 2003. Section 2s The grantee in suah franchise, to -wit, Taxes Power & Light Compassy, shall file its written acoeptanoe Of this extension of said franchise within sixty (60) days after the passage and approval of this ordinance. PASSED AND APPROVED this the 22th day of YebruwT 1953. ATTLSTs & fug "Imary STATE OF TEIASs COUNTY OF COLLIN% I, C.W.Barper , City Secretary of the City of Prosper, Teas, do hereby certify that the above and foregoing copy of ordinance entitled, " AN ORDINANCE AKKKDI53 AN ORDINANCE GRANTING TO.TEXAS:'POWER & LIGHT COMPANY, ITS SUCCESSORS AND ASSIGNS, AN , ELECTRIC LIGHT, HEAT AND POWER FRANCHISE ADOPTED B: THE CITY CONMISS- ION OF PROSPER, TEXAS, ON THE 28th DAY OF MARCH, 1924, So AS TO EXTEND THE TERM OF SAID FRANCHISE 29 YEARS FROM ITS PRESENT EXPIRA- TION�DATBa, was passed and approved at meeting of the City Commission of said City on the 25th�of YebaUja= s 1953. Witness rq hand and, seal of the City of Prosper, Texas, this the 25th day of February , 1953. (CITY SEAL) City Secretary of the City of Prosper, Texas WE TEXAS POWER & LIGHT COMPANY EXECUTIVE DEPARTMENT DALLAS, TEXAS TO THE CITY COMMISSION OF THE CITY OF PROSPIR, TEXAS Gentlemen s The undersigned hereby accepts the tens of that certain ordinance passed and adopted by the City Comission of the City of Prosper.. Texas] on February 25, 1953, same being, " AN ORDINANCE APENDIM. A'N ORDINANCE GRANTING TO TEXAS POWFA & LIGHT COMPANZy ITS SUCCESSORS AND ASSIGNS, AN ELECTRIC LIGHT$ HS"AT AND POWER FRANCHISE ADOPTED BY THE CITI COMMIS61011 OF PROSPEP, TEXASO ON THE 28th DAY OF MaCd, 19240 SO AS TO EXTEND THE T4tM OF SAID FRANCHISE 29 YEARS r`WM ITS PRESENT EXPIRATION DATE", and files herewith its acceptance of such ordinance extending the term of such franchise as rewired by the terms thereof, IN TESTIMONY WHER.TF, witness the corporate signature and seal of Texas Power & Light Company by its duly authorized officera, this the loth day of April, 1953. �.r TEXAS POWER & LIUHT COMPANY BY _..... President Original acceptance of ordinance extending the term of franchise of which the foregoing is a true copy, was filed in my office on the 13th day of April , 1953, at 10.30 o'clock A. 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J, 'Tod*�TFAI�tMS�F�'�� . �: ,�l3Nq 4�:�1u".Zf 49. ��s�.yi�iJiM r.+yC}r�.+�'7Jyr�n�rr� pIT3 +�W�+yls�sgs�`usl 41W�y�^A��a�+�w��tr�,+i" �ap'i1 Rwfn►e:��ypr,l fe+y��1t �r,�+}yp� .• CITV 00KC 0 u NN1ri 'UL %" 4 lir�"1.NMI rw J4+1/�+Y'i�ikM 1Rri.Tut 'gM.'' 0? r $q TUU* 01 T; �Sf'yy'► l I�Lr OFF oli o . S �'� �MO�S^A �l ���qy is � �wp TAii+F�It iii:Pr STY"��"i7ira/i WAti�NV �f• .1'r.�1.sF idAt� .. WIFATIDS DATt* An it ORW= a Tim C17X cav=1 M of TAB CIT,C r M. SPLUS tion It t, the slcc is Ulh%o* ki"t r •` �,( � M+M. ,, •'�^�, yam#► 'Aia1P� h' Ms1Y � � N'�A� � •� , +AA� +�!M . � s i,i ' mad �25+� �e�rs "�t"1��� #rt�+ir ���►t�.a� ' ' } -�1.. .tom r 1W •! *Y `4 d� ��If r T t, fob*+ q ^ ' rai 1Rd-U ' � ^ y' • - S . • `` T-""� .. I� ,{.-.,r Fi. i. i,}; .!�1 .. ,�•ti.Y'���)� � .w3 e, •y fr 1 ty '"wadir. �t1; �r^Vi�S'^/< +r. ' �1R IV ' 4' r '�� � � � � � �h i 14 . � FIf �f�! a � M 'slw/�•+r �# M��� ��� ��� ' .3. i�s '�I,?S Ia S r.1� �•t. 41}f l3pi�`Y.,'��yy��r 71'.��s4L �F� �r�4�.�:pf Ayq Q }�'�r��y�p ��} �1►, y�y�, the I� 25t.h . Oar of February r ^ r " r ' ., /P/ �• 11.. Clary. /a/ C. W' harper STAT& OY -TUASx COUNT*1 01 wbFLU'Us C, W. Harper City Secrvetary at the City* of + Prosper, Texas, do hereby certify that the above and larsaoing''saPy' of irdi o aaatitled, " AN U;147 MIV3 AN ORDIS0HA :. TO T7=5' ' W!_Jt & Lllia COV"N SAT, ITS SiCCESSOW VID A I39S* AN VU.,,-C'MIC i.iUT I :;! AT AUD 3 W1 fit MACHISZ r+RDDPIrD - A 11Z CM Cw �Oaa$- ION OF M03KRj TkWs CCU THE 28th DAf 4F WtUt 19249 SO A's TO 1 Y T...Z Trim CP SAID .r'Ut+Cz-1159 29 Y3:AF.r3 .0204 MJ rAZE aT FX?IRa- „ TION rA"Z lU", was passed and approv&i at, a Una of the City .Cc ia�glon of Said City 04 tthe 25 of February r Wit mes my haad and aeal of the Cltf or hvspixr, TeX", ' U�3s t:w 5thdal of : eoruary 19539 /a/ C - W. Harper City, beuret►: ry of thei ~ (CITY aa:.) City of 12maper„ Taxaa .. t 1 � � ' ,. 1 � 1• �• ., ...J Yak �� RE6ULUTION BE IT RESOLVED BY THE CITY �TAgTCyg OF THE CITY OF p;;R , TEXAS: That the Mayor be, and he hereby is, authorized to execute and enter into, for and on behalf of the City, a letter agreement dated AU&M.3t y, i-ro , amending a street rental agreement between the City and Texas Power & Light Company dated soot, g- 1948 covering the use and occupancy by Texas Power & Light Company of the streets, alleys, highways, easements, parks and other public places within the City, said letter agreement being in the form this day submitted and filed with the City Secretary. PASSED AND ADOPTED this the ?_ day of Augkw 190 . ATTEST: ayor City 5 retary COPY TOWN OF PROSPER ORDINANCE NO.02-42 AN ORDINANCE AMENDING THE EXISTING ELECTRIC FRANCHISE BETWEEN THE TOWN OF PROSPER AND ONCOR ELECTRIC DELIVERY COMPANY, TO PROVIDE FOR A DIFFERENT CONSIDERATION; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR ACCEPTANCE BY ONCOR ELECTRIC DELIVERY COMPANY; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, Oncor Electric Delivery Company, successor in interest to TXU Electric Company (hereinafter called "Oncor") is engaged in the business of providing electric utility service within the Town of Prosper (hereinafter called "Town") and is using the public streets, alleys, grounds and rights -of -ways within the Town for that purpose under the terms of a franchise ordinance heretofore duly passed by the governing body of the Town and duly accepted by Oncor; and WHEREAS, the Town and Oncor desires to amend said franchise ordinance to provide for a different consideration; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: that SECTION 1: The existing electric franchise ordinance between the Town and Oncor Electric Delivery Company is amended as follows: A. Effective January 1, 2002, the franchise fee due from Oncor shall be a sum comprised of the following: (1) a charge, as authorized by Section 33.008(b) of PURA, based on each kilowatt hour of electritown delivered by Oncor to each retail customer whose consuming facility's point of delivery is located within the Town's municipal boundaries and as specified by Oncor to the Town by letter dated January 21, 2002. (a) The franchise fee due pursuant to Section 33.008(b) of PURA shall be payable in accordance with the existing electric franchise; and (2) a sum equal to four percent (4%) of gross revenues received by Oncor from services identified in its "Tariff for Retail Delivery Service", Section 6.1.2, "Discretionary Service Charges," items DD 1 through DD24, that are for the account or benefit of an end -use retail electric consumer. (a) The franchise fee amounts based on "Discretionary Service Charges" shall be calculated on an annual calendar year basis, i.e., from January 1 through December 31 of each calendar year. (b) The franchise fee amounts that are due based on "Discretionary Service Charges" shall be paid at least once annually on or before April 30 each year based on the total "Discretionary Service Charges" received during the preceding calendar year. B. Oncor Franchise Fee Recovery Tariff (1) Oncor may file a tariff amendment(s) to provide for the recovery of the franchise fee on Discretionary Service Charges. (2) Town agrees (i) to the extent the Town acts as regulatory authority, to adopt and approve that portion of any tariff which provides for 100% recovery of the franchise fee on Discretionary Service Charges; (ii) in the event the Town intervenes in any regulatory proceeding before a federal or state agency in which the recovery of the franchise fees on such Discretionary Service Charges is an issue, the Town will take an affirmative position supporting the 100% recovery of such franchise fees by Oncor and; (iii) in the event of an appeal of any such regulatory proceeding in which the Town has intervened, the Town will take an affirmative position in any such appeals in support of the 100% recovery of such franchise fees by Oncor. (3) Town agrees that it will take no action, nor cause any other person or entity to take any action, to prohibit the recovery of such franchise fees by Oncor. SECTION 2: In all respects, except as specifically and expressly amended by this ordinance, the existing effective franchise ordinance heretofore duly passed by the governing body of the Town and duly accepted by Oncor shall r -nain in full force and effect according to its terms until said franchise ordinance terminates as provided therein. SECTION 3: This ordinance shall take effect upon its final passage and Oncor's acceptance. Oncor shall, within thirty (30) days from the passage of this ordinance, file its written acceptance of this ordinance with the Office of the Town Secretary in substantially the' following form: Page 2 of 3 \7 To the Honorable Mayor and Town Council: Oncor Electric Delivery Company, acting by and through the undersigned authorized officer, hereby accepts in all respects, on this the _/ day of o G , 20 �; Ordinance No. 02-4p amending the current electric franchise between the Town and Oncor and the same shall constitute and be a binding contractual obligation of Oncor and the Town. Oncor Electric Delivery Company 51 President SECTION 4.'Jt. hereby officially found and determined that the meeting at which this Ordinance is passed is open to the public as required by law and that public notice of the time, place and purpose of said meeting was given as required. PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROPSER, TEXAS, this the loth day of September, 2002, at which meeting a quorum was present and voting. 00 wo, yor Jim Dunmire ATTEST: wn Secretary Amber Phill s APPROVED AS TO FORM: Town Attorney Page 3 of 3 �i Iw�l � � lU t� rn G+ i%r� L�}��'� �?ho�ai �(k I �Cifs