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<br />WHERiEAS, it is necessary to amend the Agreement to permit the issuance of the Bonds
<br />and to ensure that each of the Member Cities remains responsible for its share of that
<br />indebtedness,
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<br />NOW, THEREFORE, BE IT RESOLVFD by the City Council of the City of
<br />Centerville, Minnesota as folJows:
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<br />l, That Article II of the Agreement shall be amended to read as follows:
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<br />T,z general purpose of this 8,Jeement is to establish an organization to monitor
<br />the operation and activities of cable communications, and in particular, the Cable
<br />Communications System (System) of the parties; to provide coordination of
<br />administration and enforcement of the franchises of parties fO" their respective
<br />System; to produce, edit and transmit video programming for the parties of this
<br />agreement; to ma.'<e video production, editing and studio facilities and equipment
<br />available to the citizens of the parties to this agreement through the operation of a
<br />Community Media Center; to promote the dEvelopment oflocally produced cable
<br />television programming; to ensure public access to emerging telecomm,in;~atiol1s
<br />tecbo]agies; and to condv,ct such other activities authorized herein's may be
<br />necessary to insure equitable and reasonable rates and service levels for the
<br />citizens of tile Members to this agreemenL
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<br />2, That Article "V, Section 3 c "he Agreement shall be amended to r~ad as folbws:
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<br />Section 3. "Corr,m.tmity }~1edia Center" _meailS the public access cent;~r
<br />form.e:rly run by' i..d.e cable eOnlparj, and ,'-'ny other public access center and studlo
<br />fac~iity that ,'nay subsequently constructed by tIie COil1mjssion, along with zJI
<br />rebted equipment and staff
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<br />3 That Article VEl of the Agreement shall be amended by adding a new Section 13 that
<br />n,ads as follows:
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<br />Section 13. Th~ Comnlission is given express au~hority to lss","e bonds:,
<br />obFgations and other forms of indebtedness, in a principal amount not to ex((eed
<br />$2,:'00,000 (the "Bonds"), to anance the Cotmnission's purchase of real property
<br />a'1d it3 ':onstmction and aCCjuisition on that property of a public access C~l1l"r ard
<br />an operations/studio facility, to include the Comm\mity Media Center fwd the
<br />," f' C " (" "1> ''') C"j "1> i"" I j , , '
<br />OlIlces 0 t.t:e omm1SS1on tfie 1 fDJeCI ' J lC ternl i")OGJ S S.\1uL a so mC:'TGe
<br />bonds or other forms of indebtedness issued to re.tl,md 0.; 'd refinance the Bonds, .or
<br />tlY'J"i portion thereof Refunding Bon(l~ Sh8H n,Jt count again3t the $2,50':1,000
<br />liri11t e>:ccpt to the exte~}t tbat the amount of the refunding Bonds .,;xcceds the
<br />[iJI101L.tt of the Bonds being reflluded tt:2jreby, Lut that lim.it shaH not apply .to 8.J1:,/
<br />issue or rerunding Bonds whieh produces an over etli savings in debt servi\.; co:,L
<br />As provided in Mi:rm, Stat. S 471.59, subd. 1)~ ~',Je Bonds shall be obliga.tl.01iS of
<br />the Commission which are issued on Denali' of the Member:" ,end shall be js,:ued
<br />b' h " , d I' " f; 'h' 'f'c S ~'7' 1 c, "
<br />su ~ect to t,e eor,ClltlOns an lilli' ;tlOns set "ort In l!mlJ",tat ~ f ,,)), SUOQ,
<br />11. rhe Commission may not pledge to the paj':rnent of the Bonds t~Je fUll faitb
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