08/14/1995 Council Packet - Laserfiche WebLink

Home Search

3kJL— S— 95 TUE ? 1 = 1 2: MC 3CCC F' . i 3 A. Meredith shall collect a PEG Fee, as set forth in Exhibit A attached hereto, from Basic Service Subscribers (*Subscribers") and pay the amount collected to the Commission commencing on and after the execution and implementation by all parties of the definitive agreement ("Effective Date of Transfer"), and continuing for any subsequent renewed franchise period fthe sum total of which shall not to exceed fifteen (15) years without mural agreement of both parties). Meredith shall prepay, commencing January 1, 1996, and quarterly thereafter, an estimated quarterly PEG Fee to Commission which shall be reconciled July 1, 1996, and reconciled quarterly thereafter, to reflect actual PEG Fee receipts by Meredith (January payment reconciled July 1, April payment reconciled October 1, etc.). B. Meredith shall pay a total of Three Hundred Thousand Dollars ($300,000.00) to Commission for and in lieu of all PEG Programming capital, replacement, and other equipment obligations during the current Franchise, and for any subsequent renewal as set forth below, with One Hundred Fifty Thousand Dollars ($150,000.00) being paid on January 1, 1996, and One Hundred Fifty Thousand Dollars ($150,000.00) being paid on January 1, 1997. C. Meredith shall assign and the Commission shall assume all real estate and equipment leases and contracts relating to PEG Programming to the Commission. D. Meredith shall transfer all PEG Programming equipment to the Commission upon the Effective Date of Transfer and shall maintain such equipment until such time of transfer. Mereditht shall consult with the Commission Staff concerning replacement of such equipment pending such transfer, and all costs for replacement equipment shall be credited against the payment set forth in paragraph B above. E. Commission shall have the right to use six video channel [currently public, government, religious, and educational (3)1 for PEG Programming and shall be responsible for any and all 1 -Net or other switching related to PEG Programming or non-profit use of the 1 -Net capacity, which shall occur only as provided in the .Franchise and consistent with applicable laws. F. The Commission shall advise Meredith in writing at least thirty (30) days prior to the Effective Date of Transfer of the Commission's intention to make offers of employment to Meredith personnel relating to PEG Pnagramrning. G. Upon the Effective Date of Transfer, the Franchise and Offering obligations relating to PEG Programming shall be superseded and become the responsibility of the Commission. 0512s!!1 1:Npm 2