Considering the concept of the "wired city" to be valid and believing that it will not only become a reality in the foreseeable future but will require a combination of cable and off-the-air transmission for the ultimate in services, the philosophy of Council is as follows:
(a) In setting forth the guidelines for the operation of CATV, this for all practical purposes being the beginning of a "wired city", insofar as Council may do so without being in conflict with rules and regulations of the Federal Communications Commission, it is the intent to make possible the offering of a variety of services, while at the same time affording the City and its residents maximum protection.
(b) In these guidelines is recognition of the right of the operator to have a profitable enterprise and to return invested capital to stockholders with a gain.
(c) In summation, the philosophy might be stated as one based on mutual good faith, as involving the City, its residents and the operator.
(Ord. 123-76. Passed 6-17-76.)