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HomeMy WebLinkAboutO-2003-2260-A original 1998 .. . REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: October 13 Aoorooriation Requested By: Source of Funds: N/A Department: .FillllR"e Account Number: N/A Report: Resolution: Ordinance: XX Amount Budgeted: NI A Exhibits: Ordinance #2003-98-2260-A Amount Requested: N/4 Exhibits: Draft of Letter to Franchisee Budgeted Item: YES NO Exhibits: ~lIrvey Tnfn Charter Reference SUMMARY & RECOMMENDATION The city currently has a Franchise Agreement with Texas Cable Partners, LP dba Time Wamer Communications for a 3% franchise fee to operate a cable television system in the City of La Porte. Section 6 of the City of La Porte Tele- Vue Cable Television Franchise Ordinance (#98-2260) provides for an increase of up to 5% of Grantee's Gross Revenues with 120 days notice. We propose to dedicate these funds for technology improvements to Channel 16 and the Website. The attached survey informations shows that the increase will bring the city in line with other communities. For comparative purposes, in the current fiscal year we are projecting $114,602 from this revenue source, which would have been $190,503 had the 5% fee been in effect, amounting to $76,201 in additional revenue. Per Charter requirements, this is the Second Reading of this Amendment. Action Required by Council: Grant authority to provide written notice of increase from 3% to 5% for franchise fee to Time Warner Communications. Aporoved for City Council Agenda /b~~/~ -3 Date /' . . ORDINANCE NO. 2003-98-2260-A AN ORDINANCE AMENDING ORDINANCE NO. 98 - 22 60, "AN ORDINANCE RENEWING THE GRANT OF A NON-EXCLUSIVE FRANCHISE TO TEXAS CABLE PARTNERS, L.P., SUCCESSOR TO TELE-VUE SYSTEMS, INC.", SECTION 6, "PAYMENT TO THE CITY"; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ,LA PORTE: Section 1. Section 6, "PAYMENT TO THE CITY", subparagraph 1, "Amount and Time", of City of La Porte Ordinance No. 98-2260, is hereby amended and shall hereafter read as follows, to-wit: "Section 6. PAYMENT TO THE CITY. 1. Amount and Time. As compensation for the right, privilege and franchise herein conferred, the Grantee shall pay to the City each year during the term of this Franchise a sum equal to five percent (5%) of the Grantee's Gross Revenues for such year, or portion thereof. Such franchise fee payments shall be made quarterly on or before each May 30, August 30, November 30, and February 28, for the most recently ended quarter. At the time such payments are made, the Grantee shall file with the Director a financial report showing in detail the components of Gross Revenues of the Grantee during the preceding quarter or portion thereof." Section 2. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required .. . by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. Section 3. This Ordinance shall be effective on February 1, 2004, and it is so ordered. PASSED AND APPROVED, thi~ day Of~, 2003. 'It;ll;? IJ!1.-dlht ~ (X)r;be r,;).. D IJ 3 d-.tttd ,I If { t'ITY OF LA PORTE J By: ~~~~ orman L. a ne Mayor ATTEST: APPROVED: ~T. ~- Clark T. Askins Assistant City Attorney 2