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cable companies to use the public right -of -way to install and provide video service. Under the <br />current franchise agreement, the cable company pays San Leandro an annual franchise fee of <br />5% of gross revenues. <br />In addition, the City of San Leandro also receives revenue from Electric & Gas <br />Franchises, as well as Refuse & Recycling. Electric /Gas franchise fees are based on gross <br />receipts for the sale of electricity or gas within the City, and is the greater of these two <br />calculations: <br />Electric or Gas Franchise Ordinance: 2% or gross receipts attributable to miles of <br />line operated; or <br />2. 1937 Act Computations: gross receipts within the City multiplied by 1 %. <br />Refuse & Recycling franchise fee calculations include complex calculations based on a <br />variety of basis such as per ton or percent of gross receipts between 10 -12 %. Most of the fees <br />are adjusted annually by CPI. <br />General Fund Obligations. Set forth below is a table presenting the long -term <br />obligations payable from the City's General Fund, excluding the Bonds, followed by summary <br />descriptions of each issuance. <br />(1) Interest payable semiannually on each June 1 and December 1, principal payable annually on <br />December 1. <br />(2) Interest payable semiannually on each June 1 and December 1, principal payable annually on June 1. <br />(3) Interest payable semiannually on each May 1 and November 1, principal payable annually on <br />November 1. <br />Source: City of San Leandro. <br />A -24 <br />Table A -16 <br />CITY OF SAN LEANDRO <br />Long -Term Debt Obligations <br />Obligation <br />Principal Amount <br />Interest Rate Range <br />2001 Certificates of Participation ' <br />$5,020,000 <br />2.10% to 5.10% <br />2003 Certificates of Participation (2) <br />12,550,000 <br />2.50% to 5.00% <br />2007 Certificates of Participation (3) <br />23,435,000 <br />4.00% to 4.375% <br />2005 Lease /Purchase Agreement <br />3,048,260 <br />3.40% to 3.70% <br />2010 Lease /Purchase Agreement <br />461,717 <br />Fixed at 3.80% <br />(1) Interest payable semiannually on each June 1 and December 1, principal payable annually on <br />December 1. <br />(2) Interest payable semiannually on each June 1 and December 1, principal payable annually on June 1. <br />(3) Interest payable semiannually on each May 1 and November 1, principal payable annually on <br />November 1. <br />Source: City of San Leandro. <br />A -24 <br />