File #: 16-195    Name: GCEC Franchise
Type: Ordinance Status: Approved
In control: City Council Regular Meeting
On agenda: 2/16/2016 Final action: 2/16/2016
Title: Conduct a Public Hearing and Consider/Discuss/Act on an Ordinance Granting Grayson Collin Electric Cooperative a Non-Exclusive Franchise to Use Public Rights-of-Way for the Purpose of Constructing and Operating an Electric Distribution System within the Corporate Limits of the City of McKinney
Attachments: 1. Ordinance

Title

Conduct a Public Hearing and Consider/Discuss/Act on an Ordinance Granting Grayson Collin Electric Cooperative a Non-Exclusive Franchise to Use Public Rights-of-Way for the Purpose of Constructing and Operating an Electric Distribution System within the Corporate Limits of the City of McKinney

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

 

MEETING DATE:                     February 16, 2016

 

DEPARTMENT:                      Financial Services

 

CONTACT:                       Rodney Rhoades, Chief Financial Officer

 

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

                     Conduct the second public hearing and adopt ordinance.

 

ITEM SUMMARY: 

                     This ordinance grants Grayson Collin Electric Cooperative (GCEC) the non-exclusive right to use and occupy rights-of--way within the City of McKinney for the construction and operation of an electric transmission and distribution system.

                     This agreement is for a term of ten (10) years and expires on March 21, 2026.  The agreement allows for an automatic five (5) year renewal unless a sixty (60) day written notice of cancelation is given by either party.

                     This ordinance requires two public hearings.  The first public hearing was held on January 5, 2016.  The second and final public hearing is held tonight, February 16, 2016 in accordance with Section 118 of the City of McKinney Charter.

                     Staff recommends adoption of the Ordinance after the conclusion of the second public hearing.

 

BACKGROUND INFORMATION:

                     The City and GCEC mutually agree to accept the terms as listed in the ordinance.

 

FINANCIAL SUMMARY:                       

                     The ordinance sets the franchise fee at five percent (5%) of gross revenues

 

BOARD OR COMMISSION RECOMMENDATION:

                     N/A