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HomeMy WebLinkAboutOrd1992-020 . . . Sponsored by: Schaefermeyer CITY OF SEWARD, ALASKA ORDINANCE NO. 92-20 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AMENDING SEWARD CITY CODE SECTION 14.15.515, ELECTRICAL LINE EXTENSION CONSTRUCTION FOR LARGE GENERAL SERVICE AND SMALL GENERAL SERVICE CUSTOMERS WHEREAS, the city of Seward wishes to encourage economic development in order to create jobs in the area; and WHEREAS, it is in the public interest to provide service extensions to Large General Service and Small General Service customers who can demonstrate or guarantee enough revenue to the electric utility to repay the cost of the extension within five years; and WHEREAS, this change to the city's utility code and tariff will guarantee a cost effective invesbnent of Electric Department funds and will allow a job-creating customer to start a business without the additional capital invesbnent required for an electric service installation; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA HEREBY ORDAINS that: Section 1. A new subsection 14.15.515 C. is hereby created to read as follows: C. For Large General and Small General Seruke accounts, the City Manager shall have the authority to waive the requirements of subsections A.2. and A.3. above when the customer can demonstrate that five times the Estimated Annual Revenue (5 x EAR) exceeds the estimated construction cost of the seruke extension. The customer will execute an agreement with the city for a monthly "Excess Minimum" charge based on the actual construction costs of the seruke extension divided by sixty. Section 2. This ordinance shall take effect ten (10) days following its enacbnent. ENACTED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 28th day of September, 1992. THE CITY OF SEWARD, ALASKA . CITY OF SEWARD, ALASKA ORDINANCE NO. 92-20 AYES: NOES: ABSENT: ABSTAIN: A nEST: Bencardino, Crane, Krasnansky, White None Dunham, Swartz None . . (City Seal) APPROVED AS TO FORM: PERKINS COlE, Attorneys for the City of Seward, Alaska 'ZAiI1lL Fred B. Arvidson City Attorney Introduced By: Introduction Date: Public Hearing & Enactment Date: White/Crane 09/14/92 09/28/92 -2-