Ord. #73 - Cable Franchise - Laserfiche WebLink

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FROM : NORTH METRO FPX NO. : 02 788 8242 Oct. 17 20M 08:4a,;M P4 E. Meredith is relieved, now and in the future, of any franchise obligation to provide local origination programing in the Norch Central Suburban franchise area. F. Meredith is relieved of its Franchise obligation to provide FM broadeast service. In the event the ComznWon, or any Member City or consortium thereof, determines to assume the obligations and responsibilitics for PEG Probing, and pursuant to such definitive agreement ("Definitive Agreement") as may be completed and executed by an parties and the adoption of all necessary Franchise Ordinance amendments by the necessary Member Cities, Meredith shall transfer all obligations, responsibilities and tbnding for PEG Programming to the Commission, or its designee, or any Member City or consorti= thereof, ("Transfer"), subject to the follower term and conditions: A. In the event the full Commission detemkines, pursuant to such Definitive Agreement as may be executed, to assume the obligations and, responsibilities for PEG Probing, upon completion of the Transfer, Meredith shall pay the full amount of the PEG Fee collected to the Commission. or its designee. In the event a y Member City or consortium thereof, determines, pursuant to such Defit9.itive Agreement as may be executed, to assume the obliptions and responsibilities for PEG Programming, Meredith shall pay to such- Member City or consortium thereof, its pro rota share of the PEG Fee collected. Upon tsa whr, Meredith shall prepay quarterly, an estimated quarterly PEG Fee, which shall be annually reconciled to reflect actual PEG Fee receipts by Meredith subject to more frequent reconciliation by mutual agreement of the parties. E. Upon the effective date of Transfer, the Franchise obligations relating to PEG Programming shall be superseded and become the .respousibihty of the Commission, or such Member City or consortiums thereof, to the extent the Commission, or a Member City 'or consortium thereof his determined to assume the obligations and responsibilities of Meredith, ail as shall be set -forth in a Definitive Agreement. Subject to final negotiated term of any Definitive Agreement, it is assumed that upon Transfer, Meredith will be relieved of all pre- existing franchise PEG obligations: C. Meredith shall assign and the Commission, or its designee, or any Member City or consortium thereof, shall assume all real estate and equipment leases and contracts relating to PEG Programming in accordance with a Definitive Agreement. D.. Meredith shall transfer all PEG Programming equipment to the Commission, or its designee, or any Member City or consortium thereof, in accordance with the