CC PACKET 11221989 - Laserfiche WebLink

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MINUTES NORTH SUBURBAN CABLE COMMISSION REGULAR MEETING OCTOBER 5, 1989 PAGE 4 CAPTIAL EXPENDITURES - Mr. Bauer stated that the capital expenditures will be approximately $225,000.00 consisting of the annual $75,000.00 grant payment along with $50,000.00 a year beginning in 1992 discounted at a rate assumed to be 9%. All funds are to be paid upon transfer with an annual $50,000.00 after renewal. SALE OF SYSTEM OR RENEWAL OF FRANCHISE - Mr. Bauer stated that the deal invisions an amount of money payable either on sale of the system or upon renewal of the franchise. He stated that the commission has an option over the dollar figure. The company gave the choice between $650,000.00 cash or $750,000.00 cash with some strings attached. The strings attached are that if the commission takes the $750,000.00 cash then they must waive the companies responsibility to complete the I-Net. Mr. Bauer stated that Mr. Eddy wanted very much to settle the I-Net situation and the only thing that would take the I-Net $750,000.00 off the table would be if in the meantime the additional $100,000.00 was eaten up. It was stated that the offer would stay on the table for some unspecified short period of time so that the commission would have time to look at the situation. CHANNELS - It was agreed that the commission would get all the channels, but the company has requested use of two of the channels until the commission needs them. The company has agreed that anytime the commission wanted return of those two channels that they would be entitled to them. EQUIPMENT - Mr. Bauer 'stated that all equipment gets transferred free and clear of encumbrances and fully operable. If the equipment is not , operable, then the company must make it operable. STUDIOS - Mr. Bauer stated that this has not changed from last months discussion. The negotiating committee recommends that the LO and access studios remain at Woodhill and recommends that the access studio at Edgewood be moved to Irondale. The commission takes over the Edgewood lease which releaves the company of its obligations of its current Edgewood lease. At this time the company has an obligation to pay the school district money for a fixed period of time for that space. RENT - Mr. Bauer stated that this issue has not changed.- The negotiating committee has agreed to rent the space in Woodhill for the same rates that the company pays School District #623. ESCAPE FROM WOODHILL - Mr. Bauer stated that there were two ways that the commission could leave Woodhill. One, the company wants us out then the company pays for full relocation costs. The other reason would be if the commission wanted to move, the company has agreed to pay the cable relocation expenses plus $15,000.00 for leasehold improvements. I-NET - Mr. Bauer stated that the company brought the I-Net item into the negotiations, but it was removed because it was decided that they did not know how to handle it. The I-Net item was removed from discussion except as to the dollar amount due on sale or renewal.