(A) Each application for an initial license to construct, operate, or maintain any cable system in the town shall be filed with the office of the Town Manager/Clerk and in the form of a proposal for initial license prescribed by the town.
(B) Said forms shall require, but shall not be limited to the following information:
(1) The name, address, and telephone number of the applicant;
(2) A detailed statement of the corporation or business entity organization of the applicant, including, but not limited to, the following and to whatever extent required by the town:
(a) The names and residence and business addresses of all officers, directors, and associates of the applicant;
(b) The names and residence and business addresses of all officers, persons, and entities having a 1% or larger share of the ownership of the applicant and the respective ownership share of each such person or entity; and
(c) The names and addresses of any parent or subsidiary of the applicant, namely, any other business entity owning or controlling applicant, in whole or in part, or owned in whole or in part by the applicant, and a statement describing the nature of any such parent or subsidiary business entity, including, but not limited to, cable systems owned or controlled by the applicant and its parent and subsidiary and the areas served thereby.
(3) A detailed and complete financial statement of the applicant, certified by an independent certified public accountant, for the fiscal year next preceding the date of the application hereunder, and a letter or other acceptable evidence in writing from a recognized lending institution or funding source, addressed to both the applicant and the Town Council, setting forth the basis for a study performed by such lending institution or funding source, and a clear statement of its intent as a lending institution or funding source to provide whatever capital shall be required by the applicant to construct and operate the proposed cable system in the town, or a statement from an independent certified public accountant, certifying that the applicant has available sufficient free, net, and uncommitted cash resources to construct and operate the proposed cable system in this town;
(4) A detailed financial plan (pro forma) describing for each year of the initial license, projected number of subscribers, rates, all revenues, operating expenses, capital expenditures, depreciation schedules, income statements, and a sources and uses of funds statement. All information is to be presented in the format approved by the town;
(5) A statement identifying, by place and date, any other cable system license(s) awarded to the applicant and its parent or subsidiary; the status of said license(s) with respect to completion thereof; the total cost of completion of such licensed cable system(s); and the amount of applicant’s and its parent’s or subsidiary’s resources committed thereto; and
(6) A detailed description of the proposed plan of operation of the applicant that shall include, but not be limited to, the following:
(a) A detailed map indicating all areas proposed to be served, and a proposed time schedule for the installation of all equipment necessary to become operational throughout the entire area to be serviced;
(b) A statement or schedule setting forth all proposed classifications of rates and charges to be made against subscribers and all rates and charges as to each of said classifications, including installation charges and cable service charges;
(c) A detailed, informative, and referenced statement describing the actual equipment and operational standards proposed by the applicant;
(d) A copy of the form of any agreement, undertaking, or other instrument proposed to be entered into between the applicant and any subscriber;
(e) A detailed statement setting forth in its entirety any and all agreements and undertakings, whether formal or informal, written, oral, or implied, existing or proposed to exist between the applicant and any person, firm, or corporation that materially relate or pertain to or depend upon the application and the granting of the initial license;
(f) A copy of any agreement covering the license area, if existing between the applicant and the local telephone and/or electric utilities providing for the use of any facilities of the utility, including, but not limited to poles, lines, or conduits; and
(g) Any other details, statements, information, or references pertinent to the subject matter of such application that shall be required or requested by the Town Council, or by any other provision of law.
(Ord. 2003-07, passed 9-25-2003)