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HomeMy WebLinkAbout92-14 RESOLUTION 92-14 RESOLUTION FOR STOCK OWNERSHIP TRANSFER FROM STAR MIDWEST INC. TO D. D. CABLE PARTNERS LP MOTIONED BY KEDROWSKI SECONDED BY WHITE WHEREAS, an application has been received from D. D. Cable Partners LP to operate and perform under the City of Prior Lake cable television franchise, and; WHEREAS, the application has been submitted to the City Council for review and evaluation, and; WHEREAS, the Municipal Request For Information was completed by D. D. Cable Partners LP and discussed at a City Council Public Hearing on March 2 and April 6, 1992, and; WHEREAS, the general public was afforded an opportunity to comment on the proposed application of D. D. Cable Partners LP. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR LAKE, MINNESOTA, that the stock ownership transfer from Star Midwest to D. D. Cable Partners LP is hereby approved subject to the following conditions. 1. FRANCHISE FEE TO BE INCREASED FROM 3% TO 5% WITH A TERM EXTENSION OF 5 YEARS FROM THE CURRENT FRANCHISE EXPIRATION DATE OF 1997 TO DECEMBER 31, 2002. 2. CONSIDERATION BE GIVEN TO A RATE TIERING SYSTEM FOR BASIC CABLE SERVICE (AS ADDRESSED IN ROZELLE LETTER OF MARCH 25, 1992). 3. REGIONAL CHANNEL 6 WILL BE ACTIVATED AND ADDED TO OUR CURRENT CABLE CONFIGURATION PROVIDED NO TOWER WILL BE NECESSARY TO MAKE THE SERVICE AVAILABLE. 4. CONTINGENT UPON D. D. CABLE PARTNERS BEING THE OWNER, A LOCAL OFFICE (SAVAGE OR PRIOR LAKE) WILL BE ESTABLISHED AND AVAILABLE TO RESIDENTS DURING USUAL BUSINESS HOURS AS INDICATED ON THE MRI. 5. NEW OWNERS COMPLY WITH THE EXISTING FRANCHISE AGREEMENT. 6. STAR MIDWEST IS ENTITLED TO RELY ON THE APRIL 6, 1992 COUNCIL ACTION FOR THE PURPOSE OF CLOSING. n 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLDYER Passed and adopted this 6 th day of April YES {Seal} Andren Fitzgerald Kedrowski Scott White () X ABSENT X X- X- , 1992. NO Andren Fitzgerald Kedrowski Scott White