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RESOLUTION NO. 2214 <br />PAGE TWO OF TWO <br />Section 3. The financial contributions of the Members <br />in support of the Commission shall be in direct proportion <br />to the percent of annual revenues of each Member to the total <br />annual revenues of the system for the prior year multiplied <br />by the Commission's annual budget. The annual budget shall <br />establish the contribution of each Member for the ensuing <br />year and a timetable for the payment of said contribution. <br />The remainder of any franchise fee paid to the Member by the <br />Granteee shall be used for cable -related expenses. Prior to <br />the collection of franchise fees adequate to cover expenses, <br />the Grantee, as a prepayment of the fees, shall reimburse <br />Members for all cable -related expenditures incurred by <br />Members and the Commission. <br />ATTEST: <br />(SEAL) <br />Adopted this 13th day of July, 1987. <br />Mayor <br />Clerk -Administrator <br />