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INTRODUCED BY: Ms. Brot DATE: 01/09/06 BILL NO. 8839 ORDINANCE NO. 6606 AN ORDINANCE IMPLEMENTING A TEMPORARY REDUCTION IN THE LICENSE TAX ON THE GROSS RECEIPTS OF GAS COMPANIES WHICH ARE DERIVED FROM CUSTOMERS IN UNIVERSITY CITY DURING THE MONTHS OF FEBRUARY AND MARCH 2006; CONTAINING AN EMERGENCY CLAUSE. WHEREAS, the City Council of University City finds that severe weather predictions and projections of extraordinary costs of natural gas for the 2005-2006 winter season will result in a significant and abnormal increase in the financial burden borne by residential customers of gas companies and that a temporary reduction in the license tax on the gross receipts derived from residential customers in University City during the months of February and March 2006 will help ease the burden and serve the public interest. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. The license tax imposed on gas companies pursuant to Chapter 5.36 of the University City Municipal Code shall be reduced from nine percent (9%) to seven and one-half (7.5%) on the gross receipts which are derived from residential customers in University City from February I through March 31, 2006. The license tax rate shall remain at nine percent (9%) for all gross receipts derived from non-residential customers, and shall be nine percent (9%) for all gross receipts derived on or after April 1, 2006. Section 2. The City Manager is hereby directed to inform Laclede Gas Company of the provisions of this Ordinance and take such other measures as are required to implement the same. Section 3. The City Council finds that the actions directed by this Ordinance are temporary in nature due to anticipated conditions in the winter season of 2005-2006. Accordingly, no section in Chapter 5.36 of the University City Municipal Code shall be recodified to reflect the temporary rate reduction in this Ordinance, and this Ordinance shall not be construed or regarded as binding on or as precedent for future City Councils. Section 4. An emergency is hereby declared to exist in that this Ordinance must be passed immediately to allow sufficient time for the administrative actions necessary to implement the provisions of this Ordinance. Section 5. This ordinance shall take effect and be in force from and after its passage as provided by law. PASSED and ADOPTED this 9th day of January, 2006.