2022 018-13 Franchise Fee Bylaw
A Bylaw of the City of Chestermere, in the Province of Alberta, to provide for the allocation of annual Franchise Fees into municipal reserve to be used only for the replacement and repair of tangible capital assets (excluding vehicles).
WHEREAS The Municipal Government Act, RSA 2000, C. M-26 and amendments thereto provides under Section 45(1) that a Municipal Council may, by agreement, grant a right, exclusive or otherwise, to a person to provide a utility service in all or part of the municipality, for not more than 20 years.
AND WHEREAS Council deems it desirable to enter into Franchise Agreements with ATCO Gas and Pipelines LTD and Fortis Alberta.
AND WHEREAS Council deems it desirable under the above Franchise Agreements to assign Franchise Fees that can be re-evaluated on an annual basis.
AND WHEREAS Council will re-examine this Bylaw on an annual basis during budget deliberations.
NOW THEREFORE The Municipal Council of the City of Chestermere, Alberta duly assembled, hereby enacts as follows:
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