(A) The town shall have the right to establish an authority or commission to administer for the town all community media (access) activities. The town may establish, consistent with federal and state law, requirements in franchises with respect to the designation and use of channel capacity on a franchisee's cable telecommunication system for public, educational and governmental access.
(B) The town shall have the right to direct the grantee to collect fees from customers to support the annual operating requirements of a community media (access) operation. The fee shall be collected and remitted to the town for deposits in a special revenue fund, designated for this purpose, each month.
(C) Each month, the grantee shall contribute a sum equivalent to 0.5% of gross revenues to a special event fund designated for the acquisition of capital assets, to fulfill the capital requirements of the community media (access) operation.
(Ord. passed 3-4-96)