CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Vincent V. Queano, Director of Business License |
Recommendation:
title
Conduct a public hearing; adopt, approve and authorize the Chair to sign a franchise agreement with TBC - The Boring Company to construct, install, operate and maintain a transportation system within the County rights-of-way; provide for certain operating requirements; establish fees; and providing for other matters properly related thereto. Commission District: All (For possible action)
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FISCAL IMPACT:
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Fund #: |
1010.000 |
Fund Name: |
General Fund |
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Fund Center: |
1110810010 |
Funded PGM/Grant: |
N/A |
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Amount: |
Unknown |
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Description: |
Franchise Fees from operation of a transportation system |
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Additional Comments: |
This Franchise Agreement provides for a franchise fee of 0.5% on quarterly gross revenue of $17,500,000 or less, and 5.0% on quarterly gross revenue in excess of $17,500,000. |
BACKGROUND:
TBC - The Boring Company has applied for a franchise to construct, install, operate and maintain a transportation system using portions of the County rights-of-way. Staff has been working with the applicant on the various provisions and requirements contained in the franchise agreement.
Following a public hearing on the franchise application, staff recommends approval of the franchise agreement.