HomeMy WebLinkAboutResolution No. 4532 RESOLUTION NO. 4532
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY RELATING TO ITS CABLE TELEVISION FRANCHISE
- THE CITY COUNCIL OF THE CITY OF DOWNEY DOES FIND,
DETERMINE AND DECLARE AS FOLLOWS:
1. The City finds that consistent with Section
7.1 of Ordinance No. 679 as amended by Ordinance No. 785 ,
Rogers Cablesystems, Inc. has substantially completed
construction of its system to the satisfaction of the City
and, pursuant to Section 5.5 of Ordinance No. 679, is hereby
authorized to reduce its faithful performance bond to the
sum of $60,000.
2. If Rogers makes progress in improving its
financial condition, including substantially increasing the
number of cable subscribers it serves in the City, the City
will consider in December 1985 granting Rogers a five -year
extension of its present franchise.
3. Amendments to Ordinance No. 679 as set forth
in Ordinance No. 785 shall become effective only upon the
execution of an acceptance by Rogers which requires Rogers
to agree to the repeal of such amendments as a precondition
to the assignment of the Cable Television Franchise. Said
acceptance shall further provide that Rogers will not
contend in any judicial or administrative proceeding that
the Cable Television Franchise is not a grandfathered
franchise within the meaning of the Federal "Cable Communi-
cations Policy Act of 1984." Rogers shall also provide the
City with a copy of its 1984 audited financial statements as
a condition of its acceptance.
APPROVED AND ADOPTED THIS 26th day of February
1985.
ATTEST: ; /�f
v
Randall R. arb, Mayor
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the City Council of the City of Downey at a
regular meeting thereof held on the 26th day of February
1985, by the following vote, to wit:
AYES: 5 Council Members: Davila, Santangelo, Boggs, Cormack, Barb
NOES: 0 Council Members: None
ABSENT: 0 Council Members: None
City Clerk