Agenda Item Title:
Authorize Mayor and Finance Director to Sign Electric Cooperative Revenue Agreement for 2023
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
04/13/2022
City Council Hearing Date:
04/18/2022
Staff Contact:
Pauline Sumption, Finance Director
Agenda Item Summary:
We receive this request every year to all the electric co-ops (West River Electric and Black Hills Electric) to pay a 1% gross receipts tax to the City. They are not asking for any changes to the agreement for FY 2023.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
None | |
Recommendations:
Origination Recommendation Action:
Approve