Ordinance No. _____, Series 2014
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AN ORDINANCE AUTHORIZING LOUISVILLE METRO GOVERNMENT TO ACCEPT THE BID SUBMITTED BY LOUISVILLE GAS & ELECTRIC AND SIGN A GAS FRANCHISE AGREEMENT AS SUBMITTED.
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Sponsored by: President King and Councilman Downard
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WHEREAS, on June 5, 2014, Metro Council authorized Louisville Metro Government to advertise a gas franchise bid;
WHEREAS, Metro Council set the terms and conditions of the franchise bid as a sixteen month agreement and with a franchise fee of 2.0% of gross receipts; and
WHEREAS, Louisville Gas & Electric submitted a bid responsive to such terms and conditions.
BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT ("METRO COUNCIL") AS FOLLOWS:
SECTION I: Louisville Metro Government advertised and received a bid from Louisville Gas & Electric Company for a gas franchise agreement.
SECTION II: Louisville Metro Council authorizes Louisville Metro Government to enter into the attached gas franchise agreement with Louisville Gas & Electric Company for a period of sixteen (16) months.
SECTION III: This Ordinance shall take effect upon its passage and approval.
_______________________________ H. Stephen Ott Metro Council Clerk |
_____________________________ Jim King President of the Council |
_______________________________ Greg Fischer Mayor |
_____________________________ Approval Date |
APPROVED AS TO FORM AND LEGALITY:
Michael J. O'Connell
Jefferson County Attorney
BY: ____________________________
Lou Metro Gov't Accept Bid by LGE for Franchise Agmt as Submitted 070714 epm Draft 2