ORDINANCE NO. _-------_________________, SERIES 2021
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AN ORDINANCE AUTHORIZING LOUISVILLE METRO GOVERNMENT TO RENEW THE GAS FRANCHISE WITH LOUISVILLE GAS & ELECTRIC AND SIGN A GAS FRANCHISE AGREEMENT.
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SPONSORED BY: COUNCIL MEMBER NICOLE GEORGE
WHEREAS, on May 26, 2016, Metro Council authorized Louisville Metro Government to advertise a gas franchise bid; and
WHEREAS, Louisville Gas & Electric submitted a bid responsive to such terms and conditions; and
WHEREAS, Metro Council approved Louisville Gas & Electric’s Gas Franchise on August 25, 2016 and it was executed and filed with the Kentucky Public Service Commission on August 30, 2016; and
WHEREAS, Metro Council set the terms and conditions of the franchise bid as a 5-year renewable agreement, totaling not more than 20 years; and
WHEREAS, Louisville Metro and Louisville Gas & Electric, pursuant to Section 9 of said Louisville Gas & Electric Gas Franchise, wishes to renew the agreement for another five-year term.
NOW, THEREFORE, BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (“LOUISVILLE METRO COUNCIL”) AS FOLLOWS:
SECTION I: Louisville Metro Council hereby approves the extension of the current Louisville Gas & Electric Gas Franchise for five additional years, as authorized by the current Franchise Agreement, from August 30, 2021 through August 30, 2026.
SECTON II: Louisville Metro Council authorizes Louisville Metro Government to enter into the attached gas franchise agreement renewal with Louisville Gas & Electric Company.
SECTION III: This Ordinance shall take effect upon its passage and approval.
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_______________________________ Sonya Harward Metro Council Clerk |
_____________________________ David James President of the Council |
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_______________________________ Greg Fischer Mayor _____________________________ Approval Date |
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APPROVED AS TO FORM AND LEGALITY:
Michael J. O’Connell
Jefferson County Attorney
BY: ____________________________
O-216-21 Lou Metro renews LGE Gas Franchise March 12, 2021 JRD