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Council advances 20-year Inter Mountain Gas franchise to first reading, secures 3% franchise fee and extended road warranty
Summary
After a public hearing the council took first reading of Ordinance 1066-26 granting Inter Mountain Gas a 20-year franchise; the negotiated terms include a 3% franchise payment on gross receipts to the city and a five-year warranty on street restorations.
The Garden City Council held a public hearing and approved the first reading of Ordinance 1066-26, a proposed 20-year franchise agreement with Inter Mountain Gas Company allowing construction, maintenance and operation of gas transmission and distribution facilities in city streets.
City counsel summarized the principal provisions: the city would receive a 3% payment on Inter Mountain Gas’s gross receipts within city limits; the company agreed to a five-year pavement warranty for street restorations (up from an initial one-year offer); and the contract contains a notice provision before any automatic renewal at the end of the 20-year term. The memorandum and ordinance text in the packet provide the full terms and reporting requirements.
Council approved the first reading by voice vote. The ordinance will require two additional readings and final adoption at subsequent meetings before becoming effective.
Key points: first reading of Ordinance 1066-26; negotiated five-year roadway warranty and a 3% franchise fee on gross receipts; standard review and reporting provisions included. Vote on first reading: aye votes recorded by Council Member Paige, Council Member Espen and Council Member Carver Herbert.
