(A) Franchise grant.
(1) In consideration of the faithful performance and observation of the conditions and reservations herein specified and in consideration of the payments of the amounts provided herein, the right is hereby granted to Connersville Cable TV, Inc. (COMPANY), its successors, assigns, or designees, to erect, maintain, and operate a system of electronic transmission and distribution facilities and extensions thereto, in, under, over, along, across, and upon streets, lanes, avenues, sidewalks, alleys, and other public places in the city and subsequent additions thereto, for the purpose of transmission and distribution of audio and visual impulses and radio and television energy as hereinafter defined and restricted, in accordance with the laws and regulations of the United States, the State of Indiana, and the ordinances and regulations of the city for the period provided for in this chapter.
(2) The franchisee shall provide to the city payments in the form of 5% of its gross recurring revenues from cable users.
(a) Payments shall be due 45 days after the end of the month in recurring installments during the first year of implementation of this chapter.
(b) Payments shall be due 45 days after the end of each calendar year quarter in recurring installments during subsequent years.
(Ord. 1799, passed 6-21-71; Am. Ord. 3586, passed 6-16-97)
(B) Qualifications of company.
(1) On January 18, 1971, February 1, 1971, June 7, 1971, and June 21, 1971, regular meetings of the Common Council of the city were held which were open to the public and attended by the public concerning the adoption of an ordinance authorizing Connersville Cable TV, Inc. to operate, construct, and maintain a cable television transmission system in the city. Furthermore, news coverage of these proceedings was given by the Connersville News Examiner and by radio station WCNB of Connersville, Indiana and the legal, character, financial, technical, and other qualifications of Connersville Cable TV, Inc. to operate a cable television system in the city of Connersville, Indiana were investigated. These meetings having been held on the dates and places stated above, these meetings having been fully open to the public, and the Common Council of the city having inquired into the qualifications of Connersville Cable TV, Inc. to operate a cable television system under the franchise, the Common Council of the city determined that Connersville Cable TV, Inc. did possess the necessary qualifications and that the Company’s construction arrangements were adequate and feasible to operate a cable television system in the city. (Ord. 2039, passed 12-20-76)
(2) On September 10, 1985, the corporate name of Connersville Cable T.V. Incorporated was changed to Cardinal Communications Incorporated, and said corporations are one and the same and the franchisee is now known as Cardinal Communications Incorporated. (Ord. 2674, passed 10-5-87)