The purposes of this chapter are:
(A) To establish the terms and conditions under which a cable television system within the city must operate;
(B) To provide for the payment of a franchise fee to the city for the use of city streets and other public rights-of-way and compensate the city for costs associated with administering and regulating the system; and;
(C) To grant a cable television franchise to United Cable Television of Illinois Valley, Inc. It is agreed that should the company engage in a business activity which is in direct competition with another business that is franchised by the city beginning on a date commencing after the effective date of this chapter the franchise fees paid by the company on any and all revenues attributable to that line of business shall be equal to the franchise fees paid to the city by such competitor, it being the intent of the municipality that the franchise fee of the competition shall be not less than that being paid by the company.
(Ord. 1416, passed 5-25-1993)