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Item 4PItem 4P Oncor Electric Franchise Agreement Requested Action City Council approval of Ordinance No. 1054, 1st Reading Background Information 10 yr. agreement w/Oncor Agreement Provisions include: Use of Public Rights-of-Way (ROW) Relocation & Abandonment of lines and ROW Franchise Fee Rate Payment Schedule Financial Considerations 18 month negotiation TOASE review Complies with all statutes and regulations Legal Review Questions? Ben Thatcher 817-748-8005