City Council Ordinance 167ORDINANCE AMENDMENT N0. 167
CITY OF MONTICELLO
STATE OF MINNESOTA
Amendment to the Cable Communications Ordinance for the
City of Monticello amending •by substitution Article II,
Section l.A.(2). and Article VI, Section 4.B.
THE CITY COUNCIL OF THE CITY~OF MONTICELLO AMENDS
BY SUBSTITUTION THE CABLE COMMUNICATIONS ORDINANCE AS FOLLOWS:
1. Article II, Section l.A.(2).• At the same time as
delivery of the executed Franchise, Grantee shall deposit with
City its nonrefundable acceptance fee in a sum to be determined
by City for the purpose of deferring the costs and•expenses
of developing this Franchise•and for•the enforcement and adminis-
tration costs to be incurred uncurred until Franchise Fees may
be realized. After the initial payment of the acceptance fees,
should costs in excess of the acceptance fee be incurred by
City or its designee, City or its designee may charge such excees
costs to Grantee and Grantee shall pay them on demand by City
or its designee, as an advance on the payment of Franchise Fees.
2. Article VI, Section 4.B.
(1) Throughout the term ~of this Franchise, Grantee shall •
pay to City or its designee, within sixty (60) days after the
end of ,each fiscal year of Grantee, an annual Franchise Fee
of t~~ze ~e~:,,e~~ ~3°~ five percent (5%) of all Gross Revenues.
No payment will be allowed of any Franchise Fee that is different
from t'.zre•e ~r~rt ~~-°s-)_ five percent ( 5 %) , other than the filing
_ fee and payment required of the successful applicant as established
by City to recover the cost of franchising and any other additional
payments which are required by the terms of this Franchise.
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(2) Payment will be made to City or its designee with
an itemization of the Gross Revenues.
The above ordinance amendment was adopted this 12th day of December, 1988.
~L
Mayor
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City Adminis ator
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