Laserfiche WebLink
Item No. 17 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: ONCOR FRANCHISE AGREEMENT <br />DATE: October 4, 2016 <br />BACKGROUND: The City of Paris has historically granted Oncor Electric Delivery Company, <br />LLC or its predecessors a franchise to provide the delivery of electricity to residents and <br />businesses located within the City by operating in City rights -of -way. <br />STATUS OF ISSUE: The most recent franchise agreement with Oncor Electric Delivery <br />Company expired June 30, 2016 and an extension was approved by the City Council through <br />September 30, 2016. The staff has been in negotiations with Oncor for a new franchise <br />agreement, but the agreement was only completed September 15th. A new extension agreement <br />was presented for the first reading and approved at the September 26th Council meeting. <br />The new franchise ordinance will require three public readings. The first reading was done at the <br />September 26th meeting. This is the second reading and the third reading will be at the October <br />24th City Council meeting. <br />BUDGET: This franchise produces approximately $1,350,000 in revenue annually. <br />RECOMMENDATION: Conduct first reading of the proposed Oncor Electric franchise <br />ordinance. <br />