AN ORDINANCE relating to the rates, terms and conditions for the use and sale of electricity supplied by the City Light Department to customers in the city of SeaTac; and amending Sections 21.49.020, 21.49.030, 21.49.040, 21.49.052, 21.49.055, 21.49.057, 21.49.081, and 21.49.100 of the Seattle Municipal Code to implement new rates for the city of SeaTac that reflect the terms of the 2015 franchise agreement.
Thank you. Agenda Item seven Council Bill 118443. Relating to the rates, terms and conditions for the use and sale of electricity supplied by the satellite department to customers in the city of SeaTac and amending SeaTac. Thank you Councilmember. So on trying to help you out there. Yes. This item also accompanies item number nine. I will go ahead and speak to vote. So I'm speaking to item number seven and nine. City Light has negotiated the new franchise agreement with the City of SeaTac. These are 15 year agreements and you may have noticed that they have all been expiring and have been renegotiated recently. There's a standard agreement and this is similar to those standard agreements. There's one thing that's notable. There's something called a consideration payment, which can either be 4% or 6%. This is a fee that is assessed to the customers in that area. In this case, the customer is SeaTac. And satellite ads that feed and then hand that revenue over to the city similar to a tax. It has no impact on other customers outside the city. When Sea-Tac renegotiated their franchise agreement, they elected to switch from the 4% consideration payment to a 6% consideration payment. And that's why there are two kinds of those. This one adopts the new rates with the consideration payment, and item number nine will adopt a franchise agreement as a whole. And I just wanted to note that as I have advocated here in Seattle, I think the city of sea dogs should alter how they do rate to lessen the burden on working families. However, this is what Sea Deck has negotiated, so the Energy Committee unanimously recommends passage of the bill. Thank you. Questions or comments? Please call the role on the passage of the bill. Okamoto. Rasmussen I so want I back shot Goran I Harrill I look Carter I O'Brien and President Burgess nine in favor and nine opposed. The bill passes and the chair will sign it. And I have just signed the oil train resolution with the extra comma removed. Thank you. Councilmember Okamoto, please read item eight.