3.15.050 No effect upon existing franchises – Credit for franchise fees.
This section is included in your selections.
A. This chapter shall not alter any existing franchise agreements between West Point City and energy suppliers.
B. There is a credit against the tax due from any consumer in the amount of a contractual franchise fee paid if:
1. The energy supplier pays the contractual franchise fee to West Point City pursuant to a franchise agreement in effect January 1, 2001;
2. The contractual franchise fee is passed through by the energy supplier to a consumer as a separately itemized charge; and
3. The energy supplier has accepted the franchise. [Code 2000 § 4-6-5].