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Council narrows franchise fee revenue purpose to mirror LOSST language
Summary
City Administrator Adam Kofoed proposed three options for how to spend the 1% electric franchise fee; the council favored matching current LOSST language to direct funds toward police, public safety and parks as needed. Kofoed will contact utilities to begin the required paperwork.
City Administrator Adam Kofoed presented three options for preparing a purpose statement for the city’s 1% electric franchise fee: use the funds for police/public safety/parks depending on department needs to match current LOSST language; allocate a set percentage for public safety and infrastructure; or allocate a percentage for broader quality-of-life uses including parks, library and Main Street programs.
The majority of council members favored the first option to match current LOSST language. Kofoed said he will contact Alliant Energy and Linn County REC to begin the required franchise-fee documentation and implementation steps.
No formal vote was recorded on a final ordinance at this meeting; the discussion directed staff to begin the next steps toward implementing the chosen purpose language.
