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<br />mOM f.lJRTH t'ETRO <br /> <br />FAX NO. 612 780 8242 <br /> <br />Oct. 17 2002 08:40AM P4 <br /> <br />.. <br /> <br />E. Meredith is relieved, now and in the future, of any franchise obHgarJon to provide <br />local origination progralIllIling in the North Central Suburban franchise area. <br /> <br />F. Meredith is relieved of its Franchise obligation to provide PM broadcast service. <br /> <br />2. CONDrTIONA! PEn TRANSFER. <br /> <br />In the event the Cormnission. or any Member City Of consortium thereof. determines to <br />assume the obligations and respoll8ibilitics for PEG Programming, and pursuant to such cteflllitive <br />agreement ("Defmitive Agreement') as may be completed and e;cecuted by all panies and the <br />adoption of all necessary Franchise Ordinance amendments by the necessary Member Cities, <br />Meredith Shall transfer all obligations, responsibilities and funding for PE.G Pro~ramming to the <br />Commission, or its designee, or any Member City or consortium thereof, ('Transfer"), subjecr <br />to the follOWing terms and conditions: <br /> <br />A. In lbe event the full Commission determines, pursuam to such Def111itjve <br />Agreement as may be executed, to assume the obligations and responsibilities for <br />PEG Programming, upon completion of the Transfer, Meredith shall pay the fuli <br />amount of the PEG Fee collectea to the Commission. or its designee. In the event <br />any Member City or eonsonium thereof, determines, pursuant to such Deflnir.ive <br />Agreement as may be executed, to assume the obligations and responsibilitie:; for <br />PEG Programming, Meredith shall pay to such Member City or cansOltium <br />thereof, its pro rata share of the PEG Fee collected. Upon tranSfer, Mer:cdifu shall <br />prepay quarterly. an estimated quarterly PEG Fee, which shall be annually <br />reconciied to reflect actual PeG Fee receipts by Meredith subject tv more frequent <br />reconciliation by mutual azreement of the pardes. <br /> <br />B. upon the effective date of Transfer, the Franchise obligations relating to PEG <br />Programming shall be superseded and become lberesponsibility of lbe <br />Commission, or such Member City or consortium thereof, to the extent the <br />Commission. or a Member City or consortium thereof has det<!mlined to assume <br />the obligations and responsibilities of Meredith, aU as shall be set.forth in a <br />Definitive Agreement. Subject to (mal negotiated terms of any DefInitive <br />Agreement. it is assumed iliat upon Transfer, Meredith will be relieved of all pre- <br />existing franchise PEG obligations. <br /> <br />C. Meredith shall assign and the Commission, or its designee, Of any Member City <br />or consortium thereof, shall assume all real estate and. equipment leases and <br />contracts relating to PEG Proiramming in accordance wilb a Definitive <br />Agreement. <br /> <br />D. Meredith shall tran:sfer all PEG ProgTarmning equipment to the Cormnission. or itS <br />designee, or any Member City Or consortium thereof, in accordance with the <br /> <br />3 <br />