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Agenda - Council - 01/28/1986
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Agenda - Council - 01/28/1986
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4/15/2025 8:28:09 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
01/28/1986
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I <br /> ! <br /> I <br /> I <br /> I <br />I <br /> i <br /> I <br /> <br /> I <br /> I <br />'1 <br /> I <br /> I <br />'1 <br /> I <br /> I <br /> I <br /> <br />SECTION 4 <br /> <br />Attachment I <br /> <br /> AMENDMENT <br /> To Article VI, Section 4.B.(1) <br />OF THE CABLE COMMUNICATIONS ORDINANCE <br /> No.~-- / <br /> <br />FRANCHISE FEE, RATES, CHARGES, CHANGES IN FEES <br /> <br />AND PROCEDURES <br /> <br />B. Franchise Fee. <br /> <br />(1) <br /> <br />Throughout the term of this Franchise, Grantee <br />shall pay to City, within ninety (90) days after <br />the end of each quarter of the fiscal year of <br />Grantee, a franchise fee of five percent (5%) of <br />all Gross Revenues, with adjustments at year end <br />for actual Gross Revenues. No payment will be <br />allowed of any fee that is different from five <br />percent, other than the filing fee and payment <br />required of the successful applicant as established <br />by City to recover the costs of franchising. <br />Grantee agrees to support any waiver required by <br />the FCC for the established franchise fee. The <br />annual fee may be subject to renegotiation at such <br />time as federal or state authorities no longer <br />regulate the amount of the fee. If Grantee and <br />City do not agree in renegotiations, the Franchise <br />fee shall remain unchanged. <br /> <br />DATE: <br /> <br /> <br />
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