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1992-093 Council Resolution
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1992-093 Council Resolution
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1/25/2016 3:00:41 PM
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1/25/2016 2:50:03 PM
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City Council
Council Document Type
Resolutions
Meeting Date
07/27/1992
Council Meeting Type
Regular
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below beginning with Year 10 commencing on <br />September 9, 1992. North Central shall have agreed <br />to meet with Commission to create a list of <br />equipment to be replaced in any year and the <br />equipment proposed to replace said equipment, which <br />list may include proposed new technology or <br />equipment different than the existing equipment if <br />the proposed different equipment performs equal to <br />or better than the existing equipment. North <br />Central shall have agreed to jointly review and <br />amend this list of proposed equipment with <br />Commission as necessary to best meet the needs of <br />access users. North Central shall have agreed that <br />to the extent North Central does not spend the <br />Annual Amount in any year, any unspent amount will <br />be added to the Annual Amount to be expended in the <br />next year. North Central shall have agreed that to <br />the extent North Central spends more than the <br />Annual Amount in any given year, the Annual Amount <br />to be expended in Year 15 shall be reduced by any <br />such excess expenditures. North Central shall have <br />agreed that the Commission shall have the right to <br />review and approve the list of proposed equipment <br />submitted by North Central each year, and such <br />approval shall not be unreasonably withheld. North <br />Central shall have agreed to continue its Franchise <br />obligation to repair and maintain equipment, which <br />expenses shall not be credited against the Annual <br />Amount. If any equipment which has not yet been <br />replaced once can no longer be repaired and needs <br />to be replaced, the Annual Amount will be credited <br />once for the replacement of that equipment, but any <br />subsequent need to replace said piece of equipment <br />will not be credited against the Annual Amount, the <br />intent being that the Annual Amount is to be spent <br />once to replace each original piece of equipment, <br />and all future needs for replacement shall be in <br />addition to the Annual Amount obligation. <br />YEAR ANNUAL AMOUNT <br />10 $179,352.00 <br />11 $177,533.00 <br />12 $ 89,992.00 <br />13 $ 55,184.00 <br />14 $ 55,184.00 <br />15 $ 55,184.00 <br />$612,429.00 <br />
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