ACTION REQUESTED:
TITLE
Communication from the City Manager and Corporation Counsel with a Request to APPROVE an Extension of the Gas Utility System FRANCHISE AGREEMENT with AMEREN ILLINOIS COMPANY d/b/a AMEREN ILLINOIS.
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BACKGROUND: Corporation Counsel has negotiated a proposed extension of AMEREN’S GAS FRANCHISE AGREEMENT with the City, by virtue of the ORDINANCE, which is attached hereto as Exhibit A and extends the FRANCHISE AGREEMENT, previously authorized on April 14, 1998 by Ordinance No. 14,476, granting a period of twenty (20) additional years to AMEREN ILLINOIS, A CORPORATION, AND ITS SUCCESSORS, and assigns the FRANCHISE right, permission, and authority to construct, reconstruct, excavate, place, remove, extend, maintain, and operate a GAS UTILITY SYSTEM in the City of Peoria, County of Peoria, and State of Illinois.
FINANCIAL IMPACT: The Negotiated Franchise Fee is an annual payment by Ameren to the City in the amount of $313,560 (payable in 12 equal monthly payments of $26,130 by the 15th of each month) for twenty years from the date of the adoption of the attached Ordinance.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: Ameren will continue to provide GAS UTILITY SYSTEM services for the City of Peoria and its citizens.
IMPACT IF DENIED: Ameren will not continue to provide GAS UTILITY SYSTEM services for the City of Peoria and its citizens.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
2. Grow Peoria
3. Choose an item.
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Grow employers and jobs.
2. Keep taxes and fees competitive.
3. Choose an item.
DEPARTMENT: Legal