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I <br /> ! <br /> I <br />! <br />! <br />I <br />I <br />i. <br />I <br />i <br />I <br />I' <br />I <br />I <br />I <br />I <br />I <br /> <br />Memo to Ramsey City COuncil <br />April 21, 1982 <br />Page Three <br /> <br />14. <br /> <br />15. <br /> <br />16. <br /> <br />constructed in accordance'with the timetable, failure to <br />provide data requested by the City, etc. The Company shall <br />also provide a $100,000 bond to guarantee the Company's <br />performance of the Franchise. <br /> <br />The Ordinance contains a provision where the Company says <br />it has read the Franchise, understands it and agrees to <br />comply with it. In addition, the Company is required to <br />submit a statement by its attorney which says he <br />understands the Franchise, that it is reasonable, that the <br />Company has legal authority to enter into it and that it <br />can be enforced against the Company. <br /> <br />For the basic services, the rates'charged to the subscribers <br />cannot be changed for three years from the time the first <br />subscriber in any of the Quad Cities get service. After <br />this three year period, the Company can automatically <br />increase the fee by 6-1/2% maximum per year. If the Company <br />wants more than 6-1/2% per year, it must prove the need to <br />the City and, as a last resort, the parties would go to <br />binding arbitration. <br /> <br />For the pay services, the FCC regulates these. The rate <br />can go no higher than the annual CPI. If the Company wants <br />to go higher, the hearing process and arbitration would be <br />involved. <br /> <br />wkg/cmh .~ <br /> <br /> <br />