Laserfiche WebLink
<br />86 (11 ) <br /> <br />"",-., <br /> <br />definite l.ro.y the amount of such increase of rate to be requested as applied to <br />each class of consumer use. <br /> <br />SECTION 9~ REPOR'IS . <br /> <br /> <br />The grantee shall each year file with the city manager a true copy of the <br /> <br />annual audit of the records of the grantee as the records pertain to the operations <br /> <br />or conduct of business by the grantee under this franchise. The audit may be the <br /> <br />same as the gl~antee shall have prepared by certified public accountants for such <br /> <br />,..-...." <br /> <br />jCear in the ordinary course of the conduct of the business of the grantee. <br /> <br />SECTION 10" ACQUJBITION BY CIIl. <br /> <br /> <br />S11bsection(a)o The city shall have, and the grantee by the acceptance of this <br /> <br /> <br />Ordinan8e expressly grants to the city, the right, at the expiration of this <br /> <br /> <br />franchise, to acquire the property, equipment, books and records of the grantee <br /> <br /> <br />l1sed and useful in the production, sale and distribution of gas to the city and its <br /> <br /> <br />inbabitants. Upon the exercise of this option by the City Council of the city qy <br /> <br /> <br />:-,'1('3 sel:vice of an official notice upon the grantee to that effect, and upon payment <br /> <br /> <br />~0~h3 grantee of the amount of the fair market value of the properties of the <br /> <br /> <br />grantee as determined in the manner provided by law for acquiring property under <br /> <br /> <br />'t,he right of eminent domain, the grantee shall immediately execute such deeds or <br /> <br /> <br />instruments of conveyance to the city as shall be required to convey to the city <br /> <br /> <br />title to the property in fee simple, free from any and all liens and encumbrances. <br /> <br /> <br />The grantee shall thereupon deliver to the city full and complete possession of the <br /> <br /> <br />p:r-operty, -together with all maps, plans, contracts and engineering, accounting, <br /> <br /> <br />finance, statistical, consumer and service records relating exclusively to the <br /> <br />- 11 - <br />