2015-01-28 CC Packet - Laserfiche WebLink

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• Small refund of approximately$20,000 total to cable subscribers. • Payment of legal fees associated with the transfer application. • Comcast will be relieved of its commitment to provide Universal PEG Service in the future, but existing Universal PEG Service subscribers will be grandfathered. There are only 81 such subscribers and Comcast recovers the cost of providing the service out of the PEG fee currently. • Consent to the Transfer Application. Comcast has submitted an application requesting that the NMTC approve a transfer of the Comcast franchise to Midwest Cable. Midwest Cable will do business as GreatLand. The attached resolution was negotiated with both Comcast and GreatLand. The resolution lists several contingencies, including the actual closing of the proposed transaction,receipt of necessary federal approvals, executing a guaranty of performance and executing a guaranty regarding rates. Cable Television Franchise Ordinance Amendment Staff has prepared a Cable Television Franchise Ordinance Amendment for the City. It extends the existing Cable Television Franchise Ordinance through December 31, 2020 and updates the PEG channel commitments of Comcast consistent with the Franchise Settlement Agreement. It also requires Comcast's acceptance. Staff Recommendation The Staff Recommendation is to (1) approve the Conditional Transfer Approval Resolution; and (2) to adopt of the Franchise Amendment Ordinance. 2 77