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to the percent of annual revenues of each Member to the <br />total annual revenues of the system for the prior year <br />multiplied by the Commission's annual budget. The annual <br />budget shall establish the contribution of each Member <br />for the ensuing year and a timetable for the payment of <br />said contribution. The remainder of any franchise fee <br />paid to the Member by the Grantee shall be used for cable - <br />related expenses. Prior to the collection of franchise <br />fees adequate to cover expenses, the Grantee, as a prepayment <br />of the fees, shall reimburse Members for all cable - related <br />expenditures incurred by Members and the Commission. <br />The above - listed resolution was moved by Council Member <br />and duly seconded by Council Member <br />The following Council Members voted in the affirmative: <br />The following Council Members voted in the negative: <br />The above resolution was duly adopted <br />1987. <br />ATTEST: <br />Mayor <br />City Official <br />Page 76 <br />-2- . <br />