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<br />1- <br /> <br />FROM NORTH METRO <br /> <br />FRX NO. 612 780 8242 <br /> <br />Dot. 17 2002 08:48AM P3 <br /> <br />.., <br /> <br />access programming which Meredith is providing at the effective date of this Memorandum, <br />except as set forth in Section 2 below, and further subject to the following temu; and condItions: <br /> <br />A. Meredith has collected from April 1, 1995, and shall continue to collect through <br />December 31, 1995, a ree of One Dollar and Fifty Cents ($1.50) ("PEG Fee") for <br />the puzpose of recovering its e:l:penses in providing PEG Programming, not <br />including any expenses for the provision of local origination programming. from <br />April 1, 1995 through December 31, 1995. If Meredith collects more !hall its <br />expenses fOr 1995, it may offset its undercharges provided for in previous FCC <br />rate decisions and the Universal Service start-up costs as determined in Exhibit C. <br />If an overage still exists. Meredith will not keep the overage, nor will any overage <br />be given to the Commission; in the alternative, both pani..s will develop a mutually <br />acceptable proced\lre to expend the monies for community programming. <br /> <br />B,' Meredith shall continue to collect the PEG Fee from all subscribers receiving Basic <br />Service for whi~\h a rce is paid ('Subscribers') after December 31, 1995 for the <br />puzpose of funding PEG Programming, beginning on the effective date of this <br />Agreement and continuing for any subseq\lent renewed franchJse petiod [the sum <br />total of which shat! not to exceed fifteen (15) years without mutual agreement of <br />both parties]. Upon yearly approval of the Member Cities, via the Commission, <br />the PEG Fee shall yearly escalate in an amount not to exceed the amounts ~s set <br />forth in Exhibit A attached hereto (but in no eVent grearer than twenty-five c~n.ts <br />(250) in any twelve (12) month period). To the extent collection of sncll yearly <br />PEG Fee results in Meredith's receipt of fees in excess of the amount currently <br />expended by Meredith fur these purposes, Meredith shall develop a plan to expend <br />such additional receipts for the purpose of funding community prograrmning with <br />the advice and consent of the Commission. <br /> <br />C. Meredith shall ex.pend a total of'iMee Hundred Thousand Dollars ($300,000.00) <br />as directed by Commission as to time and manner for and in lieu of all PEG <br />Programming capital, replacement, and other equipment obligations during the <br />current Franchise, and for all)' subsequent renewal as set forth below, with One <br />Hundred Fifty Thousand DollllI's (SI50,000.00) being obligat'ed on or about <br />]anl.lary 1, 1996, and One Hundred Fifty Thousand Dollars ($150,000.00) being <br />obligated on or abOUt January I, 1997. <br /> <br />D. Meredith, the Member Cities, and the Commission agree that the operating and <br />capital expenditures and/or paymentS provided in paragraphs A, E, and C above, <br />and any future transfer of PEG Programming as may De made pursuant to Section <br />2 belOw, are made for, and in full satisfaction of PEG and any related <br />programming Obligations upon renewal, and subject to any subsequent renewals of <br />the Franchise (the sum total of which shall not exceed fIfteen (15) years). <br /> <br />2 <br />