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ABLE AGREEMENT 2 <br />"He had two goals,'" said Alexander Graeae chief negotiator for the <br />county. "The first was to insure that county residents would receive top <br />quality cable service as promptly as reasionabj,y possible. The second wasi to <br />obtain a settlement adequate to protect the long—term future for local <br />VI <br />community programming, Thi' a r am n achieves both goals,, <br />I'T county has required that the cable operator provide exactly <br />we would e r of ourselves a county government had taken over: <br />Tribune nd Hauser will provide the county with $70 million <br />next 12 Fears to support the county' local cable efforts " saild Greene. <br />The requirements reflected in the settlement "Include renewed <br />construction of the system within six months after transfer and replacement <br />the i i n TRACS system with high quality, convantional tcn <br />T RM F THE AGRENERT <br />Cash: <br />settlement agreement represents up to 7 m i n <br />nab payments, <br />to the county., This total n l de <br />10 $7 mi' l i on on the date' of tranisfer. <br />1+ Release of countylls obligation to repay miorie than <br />advanced franchise fees, <br />$10 million in quarterly installments beginning in <br />An additional 1.5 ercen of gross revenue to support public, <br />d cati l n and government (PEG) programming over the '12--year life '12-- <br />franchise, estimated to be between 8 and 12 million. <br />