Ankeny, Iowa Approves Revenue Purpose Statement for Electricity and Natural Gas Franchise Fees

Strategic Insights -

The City Council of Ankeny, Iowa has adopted a Revenue Purpose Statement outlining the uses for electricity and natural gas franchise fee revenues. The statement was prepared in accordance with Iowa Code Section 364.2, subsection (f). The City Council has approved and adopted the statement, which will be published in a local newspaper.

Key Takeaways:

  • The City of Ankeny, Iowa has established a utility franchise fee for MidAmerican Energy Company for the distribution of natural gas and electric energy within the city limits.
  • The City Council has approved and adopted a Revenue Purpose Statement outlining the purposes for which the City shall use the electricity and natural gas franchise fee revenues.
  • The statement is attached to Resolution 2010-305 and outlines the specific uses for the revenue, including public safety, infrastructure, and community development projects.
  • The City Clerk is responsible for publishing the Revenue Purpose Statement in a legal newspaper of general circulation in the City.
  • The proposed ordinance to establish franchise fees on electricity transmissions and natural gas service is subject to a public hearing.

Statistics:

  • The revenue from the electricity and natural gas franchise fees will be used for public safety projects, infrastructure improvements, community development projects, and other purposes outlined in the Revenue Purpose Statement.
  • The City of Ankeny, Iowa has a population of approximately 40,000 residents.
  • The City Council has the authority to levy franchise fees under Chapter 115.11 and Chapter 117.12 of the Ankeny City Code.

Sources:

  • [Iowa Public Utilities Commission, RESOLUTION 2010-305 (no date provided)]