§ 50.013. PAYMENT IN LIEU OF TAXES.

Latest version.

The municipal electric utility of the city shall annually provide to the civil city an amount the civil city could have received if the municipal electric utility property were publicly owned, and therefore, directs the municipal electric utility to pay to the civil city an amount not to exceed 1.5% of the gross revenue of the prior calendar year, as decided by the Common Council in its annual budget, with one- twelfth of said amount to be paid monthly to the Clerk-Treasurer.
(Ord. 2010-4, passed 3-10-10; Am. Ord. 2017-26, passed 1-10-18)

                    
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