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File #: 21-1525   
Status: Agenda Ready
File created: 10/7/2021 In control: Clark County Board of Commissioners
On agenda: 10/19/2021 Final action:
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)
Attachments: 1. Staff Report, 2. Boring Franchise Agreement.pdf
Date Action ByActionResultAction DetailsMeeting DetailsVideo/Audio
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CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

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)

body

 

 

FISCAL IMPACT:

Fund #:

1010.000

Fund Name:

General Fund

Fund Center:

1110810010

Funded PGM/Grant:

N/A

Amount:

Unknown

Description:

Franchise Fees from operation of a transportation system

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.