Ordinance 249P
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ORDINANCE M_41LL
AN O E OF THE CITY O LONGWOOD,
FLORiDANMGRANTING TO FLORIDA POWER
CORPORATION, ITS LEGALRFPRESENTATIVES,
IGNS, A
RISE, AN G CERTAINTCONDI-
TIONS RELATING THERETG�
SECTION 1: That for a period of thirty (30) years,
the CITY OF LONGWOOD, FLORIDA, (herein sometimes referred to
as Grantor) does hereby give and grant to FLORIDA POWER
CORPORATION, a corporation organized and exasting under the
laws of the State of Florida, and to its legal representative
successors and assigns (herein called Grantee), the light,
privilege and franchise to construct, operate and ma>ntaan
in the said CITY OF LONGW001), FLORIDA, all electric p—
ing electricity to Grant- its inhabitants and the place If
business located within Grantor's boundaries.
SECTION 2: That with respect to the sight, privi-
leg. and franchise granted to Grantee in Section 1 above, sal
Grantee shall have for a period of thirty (30)year1 the light
faxes, public grounds and/or other public places of Grantor a
they now ex - or may hereafter be constructed, opened, laid
out ox extended beyond the present geographical boundary line
for electric service rendered under this franchise shall be t
Grantee s standard public tarriffs now in effect or as subse-
quently approved by the Florida public Service Commission or
such other State agency as may have PlIp., illildi"ti— under
the general laws of the State of Florida.
SECTION 4: That within thirty (,0) days after the . 4
first anniversary of the effective date of this grant, and
within thirty 111, days after each succeeding anniversary of
the effective date of this grant, the Grantee, its successors
and assigns, shall pay to the Grantor and its successors an
amount which added to the amount of all taxes, licenses, and
other impositions levied or imposed by the Grantor upon the
Grantee's electric property, business or operations, for the
preceding tax year, will equal six percent (6%) of Grantee s
revenues from the sale of electrical energy to residential and
commercial customers within the corporate limits of the Grantor
for the twelve (12) months preceding the applicable anntvers I,
date.
SECTION 5: At and after the expiration of this Iran
chis cantor sha11 have the right to purchase the electric
plant and facilities of Grantee located within the corporate
limits of Grantor which are used under or in connection with
this franchise or right, at a valuation of the property desire
real and personal, which valuation shall be fixed by arbitra-
tion as may be provided by law. Excepted from this reservatio
are power plants and high tension transmission lines owned by
the Corporation and connected with its general system of
distribution and used for the purposes of serving communities
It— than the Grantor herein. As a condition precedent to th
taking effect of this franchise grant, Grantee sha11 give and
grant to the Grantor the right to purchase herein so reserved.
Grantee sha11 be deemed to have given and granted .such right
If purchase and satisfied this condition precedent by its
acceptance of this franchise.
construction, operation or maintenance by Grantee of its
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