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to the percent of annual revenues of each Member to the <br /> • total annual revenues of the system for the prior year <br /> multiplied by the Commission' s annual budget. The annual <br /> budget shall establish the contribution of each Member <br /> for the ensuing year and a timetable for the payment of <br /> said contribution. The remainder of any franchise fee <br /> paid to the Member by the Grantee shall be used for cable- <br /> related expenses. Prior to the collection of franchise . <br /> fees adequate to cover expenses, the Grantee, as a prepayment <br /> of the fees, shall reimburse Members for all cable-related <br /> expenditures incurred by Members and the Commission. <br /> The above-listed resolution was moved by Council Member <br /> Ranallo and duly seconded by Council Member <br /> Marks <br /> The following Council Members voted in the affirmative: T <br /> Ranallo, Marks, Sundland, Makowske, Enrooth. <br /> The following Council Members voted in the negative: <br /> None. <br /> The above resolution was duly adopted June 23 <br /> 1987. <br /> ATTEST: / <br /> City Cierk a r <br /> City Official C,yr MAMNGI�, <br /> -2- <br />