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Ordinance No. 72-17 CITY OF TIGARD, OREGON ORDINANCE No.72•- AN ORDINANCE AMENDING Section 12-(1) and (2) of Ordinance No. 62-7 - GRANTING TO NORTHWEST NATURAL GAS COMPANY A FRANCHISE TO OPERATE A GAS UTILITY SYSTEM WITHIN THE CITY OF TIGARD - BY PROVID- ING AN INCREASE FROM 2% to 3% OF GROSS REVENUES DERIVED FROM THE SALE OF GAS EFFECTIVE_APRIL 1, 1.972, AND DECLARING AN EMERGENCY. THE CITY OF TIGARD ORDAINS AS FOLLOWS: Section 1: That Section 12-(1) of Ordinance No. 62-7 adopted by the City Council on March 5, 1962, granting to Northwest Natural Gas Company certain rights and privileges, be, and the sante is, hereby amended to read as follows: "Section 12. Compensation. 11(1) As compensation for the franchise granted by this ordinance, the Grantee shall pay to the City an amount equal to three per cent (3N) of the gross revenue collected by the Grantee from its customers for gas con- sumed within the City. Gross revenue shall be computed by deducting from the total billings of the Grantee the total net writeoff of uncollectible accounts and exclud- ing sales of gas at wholesale by the Grantee to any public utility or public agency where the public utility or public agency purchasing such gas it not the ultimate consumer, and by deducting revenues derived from the sale of such gas under a tariff schedule applying to gas supplied for industrial purposes. " Section 2: That Section 12-(2) of Ordinance No.62-7 adopted by the City Council on March 5, 1962, granting to Northwest Natural Gas Company certain rights and privileges, be, and the same is, hereby amended to reaa as follows: "Section 12. Compensation. 11(2) The compensation required by this section shall accrue from and after April 1, 1972 and shall be due for each calendar half year, or fraction thereof, within sixty (60) days after the close of such calendar half year or fraction thereof. Within sixty (60) days after the termination of this franchise, compensation shall be paid for the period elapsing since the close of the last calendar half year for which compensation has been paid." Section 3: That the acceptance of this amendment ,to Ordinance #62-7 and the agreement of Northwest Natural Gas Company to be bound thereby is hereto attached and by this reference made a part hereof to the sauce force and effect as iY set forth herein in full. Section 44: Inasmuch as it is necessary for the peace, health and safety of the people of the City of Tigard that the Page 1 -:ORDINANCE No.72-1Z sources and rates of revenue from public utilities within the Cite be maintained on a current basis, an emergency is hereby declared to exist, and this ordinance shall be effective upon its passage by the Council, and approval of the Mayor. PASSED: By the Council by unanimous vote of all Council memberz5 present, after beim; read three times by number and title only, this 13 day of March, 1972. /si Recorder - City of Tigar e APPROVED: By the Mayor, this /L day of March, 1972. ayor - CiWof Tigard { �r ry � P: Fag e 2- ORDINANCE No-72- '