|
<br />(c) The Director of Finance, or his representative, shall have the right, at reasonable times,
<br />to inspect the plant, equipment, and other property of the Company and its affiliates, according to
<br />state law, and to examine, audit, and obtain copies of the papers, books, accounts, documents, and
<br />other business records of the Company and its affiliates consistent with state law.
<br />
<br />(d) The City shall retain all of the investigative powers and other rights provided to the City
<br />by the charter and state law.
<br />
<br />Section 16. Rules and Regulations
<br />
<br />(a) In order to insure uniform and reasonable application of conditions for service and to
<br />insure availability of service to all without discrimination, the City may exercise supervision of
<br />Company's rules and regulations concerning service furnished under this franchise in accordance
<br />with state law.
<br />
<br />(b) The governing body of the City may establish, after reasonable notice and hearing, such
<br />rules and regulations as may be in the public interest regarding rates, the furnishing of service,
<br />administration of customer accounts, and construction of Company facilities on City property.
<br />
<br />Section 17. Cash Consideration to be Paid by the Company
<br />
<br />(a) In consideration ofthe grant of said right, privilege, and franchise by the City, and as full
<br />payment for the right, privilege, and franchise of using and occupying the said streets, thoroughfares,
<br />alleys, highways, and public grounds and ways, and in lieu of any and all occupation taxes,
<br />assessments, municipal charges, fees, easement taxes, franchise taxes, license and inspection fees
<br />or charges, street taxes, street or alley rentals, certain regulatory expenses under Section 33.023 of
<br />the Public Utility Regulatory Act, Title 2, Texas Utilities Code ("PURA"), as amended, or any
<br />similar or successor law, and all other taxes, charges, levies, fees and rentals of whatsoever kind and
<br />character which the City may impose or hereafter be authorized or empowered to levy and collect,
<br />excepting only the usual general or special ad valorem taxes which the City is authorized to levy and
<br />impose upon real and personal property, sales and use taxes, and special assessments for public
<br />improvements, the Company shall pay to the City, during the term hereof on the bases set forth
<br />below:
<br />
<br />(1) For the period beginning on the effective date of this Ordinance and ending
<br />December 31,200 I, a sum of money equal to four percent (4%) of its gross receipts received by the
<br />Company from the retail sale of electric power and energy within the corporate limits of the City.
<br />The first payment hereunder shall be due and payable on or before October 1, 2001, and shall be
<br />based upon the Company's said gross receipts received during the three-month period ended the
<br />prior August 31, 200 I and shall be payment for the rights and privileges granted hereunder during
<br />the said three-month period. Subsequent payments shall be due and payable as set forth below and
<br />shall be payment for the rights and privileges granted hereunder for the periods set forth below:
<br />
<br />8
<br />
|