73-13 R - Texas Power and Light Fees RESOLUTION
RESOLVED by the City Council of the City of Prosper,
Texas, that the letter agreement dated the 10th day of
December, 1973, by and between Texas Power & Light Company
and the City of Proeper,, increasing the amount of street
rentals paid by Texas Power P Light Company to the City of
Prosper to three per cent (3%) of its annual gross electric
revenues be, and the same is hereby, approved.
PASSED AND APPROVED at a regular meeting of the City
Council of the City of Prosper, Texas, this 10th day of
December, 1973.
MAYOR
ATTEST:
City Secretary
December 10, 1972
TO THE HONORABLE MAYOR AND
CITY COUNCILMEN OF THE CITY
OF PROSPER, TEXAS
Gentlemen:
Under the terms of its franchise, and or letter agreement,
heretofore granted by the City of Prosper, Texas Power & Light
Company is required to pay to the City as street rentals two
per cent (2%) of its annual gross revenues from the sale of
electric power and energy.
Effective March 1, 1974, Texas Power & Light Company
agrees to increase to three per cent (31) of its annual gross
revenues from the sale of electric power and energy, the amount
paid to the City of Prosper as street rentals. such increased
rate for the current year to be computed only on bills rendered
by the Company to its customers after February 28 1974.
Please acknowledge your receipt of this letter and your
agreement to this increase by signing in the space provided
below.
TEXAS POWER & LIGHT COMPANY
Bye/
Received and agreed to this 10th day of December 1973.
THE CITY OF PROSPER
BY