HomeMy WebLinkAbout1990-03 - Maintenance of Gross Receipt Taxes Imposed Upon Kansas City Power and LightB ILL NO . ~~~~ ~~.~ ORDINANCE NO . ~~~ ~ ~~
AN ORDINANCE TO MAINTAIN GROSS RECEIPT TAXES IMPOSED UPON
KANSAS POWER AND LIGHT COMPANY.
WHEREAS, Section 393."l 75 R.S.Mo. gives the City the
authority to maintain gross receipt taxes that the City imposes
upon gas companies, and
64HEREAS, the City has ueen notified by the Missouri Public
Service Commission under the authority of Section 393.275
R.S.MO. that said corporation has received a tariff increase in
excess of seven perce nt (7%), and
ti,7HEREAS, it is necessary for the continued operation of the
City that the municip al gross receipt tax upon said company be
maintained at its present rate.
NOw THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF
THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
SECTION 1. That the City of Riverside, in order to
maintain its source of reveny~e at its historica_1 level, hereby
determines to maintain the -~-~ r~e percent ( `7 %) gross
receipt tax against the Kansas Power and Light Gas Company.
SECTION 2. The City Clerk is hereby directed to send a
copy of this ordinance to the Kansas Power and Light Company
and to the Missouri Public Service Commission.
PASSED THIS ~%~~ DAY OF ' ~~r~~ _, 19 ~~~~.
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_ ~~"CC< I7 c~~c ~_ -
MAYOR
ATTEST:
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t ' ' ~%'L~l~•:
C ITY CL ~ j
APPROVED THIS ~n,~~ DAY OF ' ~(itiC2h~ _, 19_~/~L' .
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MAYOR