Staff Recommends approval of the Electric Franchise Agreement with Sumter Electric Cooperative, Inc.
Leesburg’s current electric franchise with SECO was effective January 14, 2008 and will expire June 30, 2011. Leesburg Staff has reviewed the proposed non-exclusive franchise agreement, which among numerous other provisions, gives SECO permission to occupy Rights-of-Way in the City of Leesburg for the purpose of providing electric service from the date of execution through August 1, 2020. In return, Leesburg will receive a monthly franchise amount which will equal six percent (6%) of SECO’s base revenues collected from customers within the corporate limits of the City of Leesburg.
1. Approve the Electric Franchise Agreement, or
2. Such alternative action as the Commission may deem appropriate
Approval of the franchise agreement will provide for continuation of SECO’s franchise payment to Leesburg. Franchise payments from SECO are anticipated to total $46,144.29 for the 12 months ending May, 2011.
Prepared by: ____Paul Kalv____________
Attachments: Yes__X__ No _____
Advertised: ____Not Required __X____
Attorney Review : Yes_X__ No ____
Reviewed by: Dept. Head _Paul Kalv__
Finance Dept. _____JB___________
Deputy C.M. ______DD___________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN ELECTRIC FRANCHISE AGREEMENT WITH SUMTER ELECTRIC COOPERATIVE, INC. (SECO); AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute an Electric Franchise Agreement with SUMTER ELECTRIC COOPERATIVE, INC., whose address is P.O. Box 301, Sumterville, FL 33585-0301.
THAT this resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __27th___ day of _ June_____, 2011.