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ORDINANCE NO. 8 6 6' (#18-87)
AN ORDINANCE AMENDING ORDINANCE NUMBERS 729, 761, 807, AND 844,
FIXING AND IMPOSING THE AGGREGATE AMOUNT OF FEES, CHARGES AND
SPECIAL TAXES TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS,
BY ARKANSAS POWER AND LIGHT COMPANY AND THE METHOD OF PAYMENT
THEREOF; DECLARING AN EMERGENCY AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
JACKSONVILLE, ARKANSAS, THAT:
SECTION 1. It is hereby declared that Ordinance Numbers
729, 761, 807, and 844 should be amended as set forth below.
SECTION 2. Section 1 of said Ordinance Number 729 and
Section 2 of said Ordinance Numbers 761, 807, and 844 are hereby
amended to read as follows:
"The manufacture, sale, furnishing, transmission and
distribution of electric power and energy by the Arkansas
Power and Light Company within the City is hereby declared
to be a special privilege and for such privilege the
Arkansas Power and Light Company shall pay to the City an
assessment amounting to:
For the first eight (8) months of 1987, the Arkansas Power
and Light Company shall pay, in monthly installments, the
total sum of One Hundred Fifty Thousand and 00/100 Dollars
($150,000.00), representing the appropriate percentage of
an annual assessment of Two Hundred Twenty-five Thousand
and 00/100 Dollars ($225,000.00).
Beginning on September 1, 1987, the franchise tax factor
appearing on Arkansas Power and Light Company bills ren-
dered to customers within the corporate limits of the
City of Jacksonville will be four and 25/100ths percent
(4.25%). Beginning with the month of October, 1987,
Arkansas Power and Light Company shall pay a monthly
installment for the preceding month, and continuing every
month thereafter, the sum of four and 25/100ths percent
(4.25%) of the preceding month's gross revenues collected
from all customers located within the corporate limits of
the City of Jacksonville. Payments shall continue monthly
thereafter with payments due on the twentieth (20th) day of
each month.
Payments shall continue in succeeding years in the same manner as
described above unless sooner modified."
SECTION 3. In all other respects, said Ordinances shall
remain unchanged.
SECTION 4. All Ordinances and parts of Ordinances in
conflict with the provisions of this Ordinance are hereby,
repealed.
SECTION 5. It is hereby found by the Jacksonville City
Council that there is an urgent need for additional revenues for
the City. Therefore, an emergency is declared to exist, and this
Ordinance being necessary for the preservation and advancement of
the public peace, health, and safety shall be in full force and
effect from and after its passage.
APPROVED THIS 6th DAY OF
AUGUST
, 1987.
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PAGE TWO - ORVINANCE 8 6 6
ATTEST:
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:::~,~-' LtltA M. LEONARD ~"ITY CLERK
APPROVED AS TO FORM:
KEIT~~~ ITY ATTORNEY