705.19 RATE STRUCTURE AND FRANCHISE AGREEMENT STANDARDS.

   Any franchise agreement entered into between the City and the company shall contain specific provisions which are consistent with the following requirements:

   (a)   The franchise term shall be of reasonable duration, not in excess of fifteen years.

   (b)   The franchise fee charged by the City shall be reasonable and not in excess of three percent (3%) of the franshise's annual gross subscriber revenues from cable television operation in the community, including all forms of consideration such as initial lump sum payments.

   (c)   The subscription rate structure shall be fair and equitable to all classes of service without unreasonable discrimination. Before any subscription rate structure becomes effective (either the initial rate structure or any subsequent amendment thereto), it shall first be approved by the franchising authority after conducting appropriate public proceedings.

   (d)   At the end of the fifth and tenth years of any existing franchise term, the franchising authority and its franchisee shall review as a matter of course the existing rate structure, and either approve its continuance or make such appropriate adjustments as may appear necessary to arriving at a figure which is reasonable and fair to all parties. The foregoing five-year review periods shall not be construed to prevent the franchisee from petitioning the franchising authority for a change of subscription rates on a showing of cause.

      (1979 Code 115.19)