Resolution Approving and Adopting a Revenue Purpose Statement for Expenditure of Fee Revenues…
Recorded in the minutes as “Resolution Approving and Adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from an Electric System Franchise Fee”. Carried unanimously; names not recorded.
What this means (Franchise fee): A fee a utility pays for using city streets and land for its lines.
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Recorded in the minutes as: “1. Resolution Approving and Adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from an Electric System Franchise Fee. Motion: Moved by Wolling, seconded by Klein approving and adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from an Electric System Franchise Fee. This resolution approves the revenue purpose statement pursuance to the provisions of Section 364.2 subsection (4)(f) of the Code of Iowa. The Revenue Statement needed to be approved to outline the purposes for which the City shall use the electric system franchise fee revenues that will be received if the proposed ordinance is adopted. This proposed ordinance adopts a new chapter to include Guthrie County Rural Electric Cooperative Association with a franchise agreement for 25 years and set the franchise fee charge on the gross receipts of the sale of electricity to customers within the city limits of Perry, to a total of 4%. This resolution also authorizes the publication of such Statement as required”.
Motion as recorded: “Moved by Wolling, seconded by Klein approving and adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from an Electric System Franchise Fee. This resolution approves the revenue purpose statement pursuance to the provisions of Section 364.2 subsection (4)(f) of the Code of Iowa. The Revenue Statement needed to be approved to outline the purposes for which the City shall use the electric system franchise fee revenues that will be received if the proposed ordinance is adopted. This proposed ordinance adopts a new chapter to include Guthrie County Rural Electric Cooperative Association with a franchise agreement for 25 years and set the franchise fee charge on the gross receipts of the sale of electricity to customers within the city limits of Perry, to a total of 4%. This resolution also authorizes the publication of such Statement as required”.
Source Full minutes for the whole May 18, 2026 meeting (saved copy) · All votes at this meeting