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Resolution Adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from Proposed Electric and Natural Gas Franchise Fees

Strategic Insights

— 1 min read

The City of Norwalk, Iowa, is considering the establishment of utility franchise fees for the sale and distribution of electricity and natural gas within its city limits. A public hearing was held on January 16, 2025, to consider the adoption of a Revenue Purpose Statement for the use or expenditure of electric and natural gas franchise fee revenues. The hearing was prompted by the City's preparation of a Revenue Purpose Statement, which outlines the purposes for which the City shall use the proposed franchise fee revenues if the ordinances are adopted.

Key Takeaways:

  • The City of Norwalk, Iowa, is proposing the establishment of utility franchise fees for electricity and natural gas distribution within the city limits.
  • A public hearing was held on January 16, 2025, to consider the adoption of a Revenue Purpose Statement for the use or expenditure of electric and natural gas franchise fee revenues.
  • The City has prepared a Revenue Purpose Statement, which outlines the purposes for which the City shall use the proposed franchise fee revenues if the ordinances are adopted.
  • The Revenue Purpose Statement will be approved by the City Council if it meets the requirements of Section 364.2, Subsection (4){f} of the Code of Iowa.
  • The proposed ordinance is a response to the City's need to generate revenue for the sale and distribution of electricity and natural gas within the city limits.
  • The Revenue Purpose Statement is a critical document that outlines the City's plans for using the proposed franchise fee revenues.
  • The proposed ordinance is aimed at ensuring that the City's utility franchise fees are used for the public benefit.

Statistics:

  • The proposed utility franchise fees will be used to generate revenue for the sale and distribution of electricity and natural gas within the City of Norwalk.
  • The public hearing for the Revenue Purpose Statement was held on January 16, 2025.
  • The notice for the hearing was properly published on January 9, 2025.
  • The Revenue Purpose Statement outlines the purposes for which the City shall use the proposed franchise fee revenues if the ordinances are adopted.

Sources:

  • Code of Iowa, Section 364. 2, Subsection (4){f}
  • City of Norwalk, Iowa, document: RESOLUTION NO. 25016 Resolution Adopting a Revenue Purpose Statement for Expenditure of Fee Revenues from Proposed Electric and Natural Gas Franchise Fees Pursuant to the Requirements of Section 364. 2, Subsection ( 4){ f} of the Code of Iowa.

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