Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> "Section 9. COMPANY, its successors and assigns, agree to pay and CITY <br /> <br /> agrees to accept on or before the 15th day of August, 1995, a sum of money which <br /> <br /> shall be equivalent to three percent (3%) of the sum of (i) the gross receipts received <br /> <br /> by COMPANY from the sale of gas within the corporate limits of said CITY, <br /> <br /> regardless of the ultimate use of such gas, including compressed natural gas, hereinafter <br /> <br /> referred to as "CNG", (ii) the fees received by COMPANY for the transportation of gas <br /> <br /> to a customer within the corporate limits of the CITY, and (iii) the customer purchase <br /> <br /> price of the gas transported by COMPANY into the corporate limits of the CITY, all <br /> <br /> based on the preceding calendar quarter's gross receipts. COMPANY, its successors <br /> <br /> and assigns, agree to pay and CITY agrees to accept on or before the 15th day of <br /> <br /> November, 1995, and thereafter, on or before the 15th day of the second month <br /> <br /> following the end of each calendar quarter during the life of this franchise up to and <br /> <br /> including the May 15, 2015, quarterly payment, a sum of money which shall be <br /> <br /> equivalent to four percent (4%) of the sum of (1) the gross receipts received by <br /> <br /> COMPANY from the sale of gas within the corporate limits of said CITY, regardless <br /> <br /> of the ultimate use of such gas, including CNG, (ii) the fees received by COMPANY <br /> <br /> for the transportation of gas to a customer within the corporate limits of the CITY, and <br /> <br /> (iii) the customer purchase price of the gas transported by COMPANY into the <br /> <br /> corporate limits of the CITY, all based on the preceding calendar quarter's gross <br /> <br /> receipts. The quarterly payments shall be for the rights and privileges herein granted <br /> <br /> to COMPANY including expressly, without limitation, the right to use the streets, alleys <br /> <br /> and public ways of said CITY. The May 15, 2015, quarterly payment shall be based <br /> <br /> on the period from January 1, 2015 through April 13, 2015. The May, August and <br /> <br /> November quarterly payments shall be for the calendar year in which payment is made. <br /> <br /> The February payment shall be for the quarter ending December 31 st of the previous <br /> <br /> year, and the May 15, 2015 quarterly payment shall be for the rights and privileges <br />