Ordinance No. 0545 08-20-1973,
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ORDINANCE N0. 545
AN ORDINANCE AMENDING SECTION 405.011 (9) AND SECTION
405.05 OF CHAPTER 405 OF THE FRIDLEY CITY CODE ENTITLED ,
CABLE TELEVISION FRANCHISE
The City Council of the City of Fridley does ordain as follows:
SECTION 1. Section 405.011 (9), Definitions, is amended
to read as o lows:
9. "Gross Subscriber Revenues" are those revenues derived
from regular subscriber services but not including advertising,
leased channels fees or other fees derived from non-subscriber
services.
SECTION 2. Section 405.05, Payment to the City, is amended
to rea a� s follows:
405.05. Payment to the City
The company shall pay to the City on or before March lst of each year
following the commencement of cable casting an amount equal to five
percent (Sa) of the annual gross subscriber revenues or such
_,.
�aaatlon�,1 percent.�ge of=revenues that may in the future be deemed
reasona e y e e era ommunications ommission or suc
- - -
otner regulatory o ies a may ave au ori y over e establishme,nt
of �anchise fees taken in and received y the company or services .
provided within -tne City during the year, for the use of the streets '
and other facilities of the City in the operation of the CATV system�
and for the municipal regulation thereof. This payment shall be in
addition to any other tax or payment owed to the City by the company.
In the event that any payment is not made by Niarch lst, as provided
above, interest on the amount due, as determined from the gross
subscriber revenues report of the certified public accountani, shall
accrue from such date at the annual rate of eight percent (8%). The
amounts designated in this section may be amended no more than once
each,year by the City Council consistent with increased costs for
municipal supervision and after a public hearing.
PASSED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY ��6 20TH
DAY OF AUGUST , 1973.
ATTEST:
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CITY C - h1ARVIN . BRUNSELL
First Reading: August 6, 1973
Second Reading: August 20, 1973
Publication: August 29, 1973
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