| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Ordinance No. 6, Series of 2019, Second Reading, An Ordinance Granting a Franchise to Holy Cross Energy
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| | | | | | | | PRESENTER(S): Greg Hall, Public Works & Transportation Director
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve, approve with amendments or deny Ordinance No. 6, Series of 2019 upon second reading.
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| | | | | | | | BACKGROUND: The Town of Vail and Holy Cross Energy have been partners in an Electric Utility Franchise Agreement since February 27, 1979. That agreement was renewed on May 4, 1999 to expire this May. The franchise fee is currently set at 3%, which is consistent with other municipalities with whom Holy Cross Energy has franchise agreements with. The proposed franchise agreement increases the franchise fee to 4%. The additional revenue generated from this increase will assist with undergrounding of overhead electric and other utility lines. Public notice requirements for franchise agreements have been met by Holy Cross.
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| | | | | | | | STAFF RECOMMENDATION: Approve, approve with amendments or deny Ordinance No. 6, Series of 2019 upon second reading.
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