AGENDA ITEM REPORT
TITLE:
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AN ORDINANCE AMENDING ORDINANCE NO. 2006-27, BY AMENDING THE NON-EXCLUSIVE FRANCHISE AGREEMENT BETWEEN THE CITY OF COCONUT CREEK AND PEOPLES GAS SYSTEM, A DIVISION OF TAMPA ELECTRIC COMPANY, TO PROVIDE GAS SERVICES AND TO USE PUBLIC RIGHTS-OF-WAY OF THE CITY OF COCONUT CREEK, DATED OCTOBER 16, 2006, IN ORDER TO RENEW THE AGREEMENT FOR FIFTEEN (15) YEARS AND TO PROVIDE FOR UPDATES CONSISTENT WITH CHANGES TO STATE LAW AND THE CITY’S CODE. (SECOND READING)(PUBLIC HEARING)
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BACKGROUND:
This item was approved on First Reading at the June 24, 2021, City Commission Meeting.
The City entered into a Non-exclusive Franchise Agreement with Peoples Gas System, a division of Tampa Electric Company, on October 16, 2006, via Ordinance No. 2006-027 (“Agreement”) for a period of fifteen (15) years, renewable for an additional fifteen (15) years, to provide natural gas service to those customers within the City and to allow the use of the City's rights-of-way.
DISCUSSION:
This ordinance proposes to amend Ordinance No. 2006-027 in order to renew the Agreement for an additional fifteen (15) years as contemplated in Section 3, “Term,” of the Agreement and to provide for the amendment of certain provisions within the Agreement to include updates consistent with changes to State law and the City’s Code with such amendments being reflected in Amendment No. 1.
RECOMMENDATION:
Staff recommends approval of this ordinance.
FISCAL IMPACT:
REVENUES: $12,000
EXPENDITURES: N/A
BUDGETED? Yes
NOTES: Account No. 01-V32340, Franchise Fee-Gas. Revenues estimated based on FY20 receipts.