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• <br />El <br />payment schedule shall not exceed five (5) years. When calculating an equity repayment <br />schedule, the Commission may deduct the withdrawn Member's proportionate share of <br />outstanding indebtedness from the amount of any equity due to the withdrawn Member. <br />Notwithstanding anything to the contrary, a withdrawing Member shall have no claim to <br />the franchise fee or PEG fee the Grantee collected on its behalf for the year in which its <br />withdrawal is effective, except for the reimbursement of cable -related expenses for that <br />year. If no Bonds are outstanding, for the calendar year following withdrawal, and for all <br />subsequent years, the entire franchise fee calculated upon gross revenues attributable to the <br />system within the withdrawn Member shall be paid by Grantee to the withdrawn Member <br />in accordance with the Franchise. <br />Section 3. In the event of dissolution, the Commission shall determine the measures <br />necessary to effect the dissolution and shall provide for the taking of such measures as <br />promptly as circumstances permit, subject to the provisions of this agreement. Upon <br />dissolution of the Commission all remaining assets of the Commission, after payment of <br />obligations, shall be distributed among the then existing Members in proportion to the most <br />recent Member by Member breakdown of the franchise fee as reported by the Grantee. The <br />Commission shall continue to exist after dissolution for such period, no longer than six <br />months, as is necessary to wind up its affairs but for no other purpose. <br />IN WITNESS WHEREOF, the undersigned municipality has caused this agreement to be <br />signed on its behalf this 27th day of April 2020. <br />CITY OF LINO LAKE, MINNESOTA <br />ATTEST: <br />Julianne Bartell, City Clerk <br />Rob Rafferty, Mayor <br />