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� i �� <br /> LEGAL DEPARTMENT 1VIEMORANDUM <br /> #2003-01 � <br /> January 15, 2003 <br /> TO: The Honorable Mayor and City Council Members <br /> FROM: Steve Garm City Manager <br /> John Coute , orporation Counse���J�-- <br /> �/ <br /> RE: Illinois Pow <br /> Illinois Power Company("IP") is currently in the process of selling its electric transmission <br /> facilities to Illinois Electric Transmission Company("IETC"); IP will retain ownership of its other <br /> facilities. The present franchise agreement (Ordinance No. 3590, which runs through 2010) is <br /> only between the City and IP. Therefore, it is necessary to amend that franchise to include IETC � <br /> so that IETC is covered by its terms and has the legal ability to occupy City right-of-way. <br /> An ordinance amending the franchise agreement has been prepared for the Council's <br /> consideration. Staff recommends approval of that amendment. <br />