2015-001 Council Resolution - Laserfiche WebLink

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• • • • Comcast will pay NMTC approximately $31.000 for a franchise fee underpayment. NMTC benefitted from findings by another of Mr. Bradley's clients without having to expend any additional resources on a financial expert. • Comcast will provide 3 digital converters to all municipal locations receiving complementary drops and outlets. Comcast will also provide an additional 30 HD boxes to be placed at municipal locations at NMTC's discretion. This should cover all of the outlets at municipal locations currently receiving complementary service. • Small refund of approximately $20.000 total to cable subscribers. • Payment of legal fees associated with the transfer application. • Comcast will be relieved of its commitment to provide Universal PEG Service in the future. but existing Universal PEG Service subscribers will be grandfathered. There are only 81 such subscribers and Comcast recovers the cost of providing the service out of the PEG fee currently'. • Consent to the Transfer Application. Comcast has submitted an application requesting that the NMTC approve a transfer of the Comcast franchise to Midwest Cable. Midwest Cable will do business as GreatLand. The attached resolution was negotiated with both Comcast and GreatLand. The resolution lists several contingencies. including the actual closing of the proposed transaction. receipt of necessary federal approvals, executing a guaranty' of perfonrnance and executing a guaranty regarding rates. Mike Bradley has prepared a Cable Television Franchise Ordinance Amendment for the City'. It extends the existing Cable Television Franchise Ordinance through December 31. 2020 and updates the PEG channel commitments of Comcast consistent with the Franchise Settlement Agreement. 11 also requires Comcast's acceptance. RECOMMENDATION The staff recommendation is to: (1) approve Resolution No. 15-01. Granting Conditional Transfer from Comcast to GreatLand Connections, Inc.: and (2) approve First Reading of Ordinance No. 01-15. Cable Television Franchise Ordinance Amendment. ATTACHMENTS Resolution No. 1-01. Conditional Transfer Approval Resolution Ordinance No. 01-15. Franchise Amendment Ordinance