Laserfiche WebLink
AGENDA ITEM 4B <br />STAFF MEMBER Daniel Tesch, Director of Administration <br />DATE 10 February 2003 <br />SUBJECT Amending the North Metro Cable Communication System JPA <br />To issue Bonds <br />VOTE REQUIRED 3/5 <br />BACKGROUND <br />The City of Lino Lakes has been a member of the North Metro Telecommunication <br />Commission since the inception of the organization. Other member cities include Blaine, <br />Centerville, Circle Pines, Ham Lake, Lexington and Spring Lake Park. The first priority of the <br />commission has been the administration of the franchise agreement. The second has been to <br />make video production, editing and studio facilities and equipment available to the citizens of all <br />seven cities. <br />Late last year the Cable Commission voted to move ahead with the construction of a new <br />media center. One of the first steps in this process if the issuance of bonds of indebtedness, step <br />which needs to be approved by each member city. Approval of Resolution 03 -25 allows that to <br />happen. Lino Lakes is the last city to approve the resolution. <br />The city's percentage share of the bond allocation is 16.4 %, which in 2004 will still <br />allow for the city to receive at least $18,000.00 in franchise fees. <br />OPTIONS <br />1. Approve Resolution 03 -25 <br />2. Deny the resolution and return the matter to staff. <br />RECOMMENDATION <br />One <br />