Agenda - Council - 07/28/1992 - Laserfiche WebLink

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I I I I I '1 I I I I I I I I I I ! ! herieby agrees to work together to develop mutually acceptable language to amend theiFranchise definition of "Gross Revenue" to more adequately reflect the current prai:tices of calculation and payment of the Franchise Fee. do A payment to the Commission in the form of a community programming equipment gram of One Thousand Dollars ($1,000.00) for calendar year 1992, and an agreement from North Central to pay a community programming grant in sub, sequent calendar years, commencing January 1, 1993, of Eight Thousand Dollars ($8,000.00) per year plus an amount of money equal to the Eight Thousand Dollars ($8.000.00) multiplied by the percent increase in the consumer price index from January 1, 1992. NO,nh Central shall have agreed to extend the institutional and subscriber network to thelChamplin Park High School and the subscriber network two (2) currently un'Wired fire stations located in the City of Andover. NOrth Central shall have contributed to the Commission Twenty Thousand Dollars ($20,000.00) as a one time community programming equipment/mobile van grant. North Central shall have agreed to amend the existing Franchise to conform to this reSOlution and the terms of this sale and transfer of control. To the extent required as a result of the sale of stock and transfer of control, the replacement of any and ali letters of credit, bonds, insurance certificates, or other forms of security provided to the City pursuant to the terms of the Franchise. North Central shall have agreed to reimburse the Commission and its member cities :for ~11 expenses incurred in relationship to the interim transaction and final Transfer of Ownership, including an agreement to reimburse the cities and Commission for any;expenses associated with subsequent ordinance amendments required by the Tr~sfer of Ownership but not incurred until after closing. jo Failure to comply with the above conditions "b., f., g., and h." shall render the CitY's resolution of approval null and void. Fail~ure to comply with condition"a." above, or any agreements required by this resolution shall result in penalties and/or sanctions provided for in the Franchise. The motion for the ;adoption of the foregoing resolution was duly seconded by Councilmember and Upbn v~>te being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: whereupon said reSOlution was declared duly passed and adopted by the Ramsey City Council this the 28th day of August, 1992. ,5'5'