a. Upon completion of its review of the proposed rates for the basic service tier of cable television services and the equipment necessary to provide said basic tier of service, the Consortium shall provide the Town Council with its' determinations and findings. The Town Council shall adopt the findings of the Consortium by formal resolution. Said resolution shall indicate the reasons for the decision. Upon passage of the resolution, the Town Council shall publish the resolution in pamphlet form.
b. In the event that the cable operator's proposed rates exceed the reasonable rate standard as established by the Federal Communications Commission in its rules and regulations which are on file in the Office of the Clerk-Treasurer, the Town Council may order the rates reduced by rollbacks or refunds to subscribers, in the manner so prescribed by the Federal Communications Commission.
(Ord. No. 1278, § 5, 5-11-94)