Underscoring certain pertinent facts having to do with communication ventures, primarily radio and television type services, which are considered relevant to the enabling legislation for CATV and which are detailed herein, it is the stated intention of Council not to impose unreasonable ceilings on rates to subscribers, which rates in the final analysis, under the free enterprise system, will be dictated by the subscriber, and not by the operator or some regulatory body; nor to specify unrealistic fees to be paid by the operator to the City.
(a) The speculative nature of a CATV system required to compete in and to meet the demands of a "wired city", without the benefits or protection of an exclusive operator's permit, is hereby noted, together with a need for substantial risk capital on a long term basis.
(b) Restricted broadcast competition for radio and television stations, a monopolistic condition created by FCC allocation tables or spectrum limitations, is hereby noted.
(c) That broadcast stations pay no fees to anyone for using the public's air space for the transmission of their signals is hereby noted.
(d) That broadcast stations are subject to no rules or regulations of the Federal government, where the right of regulation is solely vested, establishing maximum charges for advertising or imposing a pre-determined rate of return on investment, is also hereby noted.
(Ord. 123-76. Passed 6-17-76.)