(A) The Grantee shall recognize the right of the Franchising Authority to exercise its authority to regulate rates for Basic Tier Services and associated equipment necessary to provide Basic Cable Service to Subscribers, in a manner consistent with applicable law and FCC regulations. Grantee shall abide by all applicable laws, rules, regulations, and orders with regard to rates and regulation thereof.
(B) The Village shall, within one hundred twenty (120) days of the effective date of certification of the Village to regulate rates as established by the FCC: (1) exercise its rights to regulate basic cable rates, and provide reasonable opportunity for consideration of the views of interested parties, (2) notify the Cable Operator that the Village has been certified to regulate basic cable rates, and (3) adopt regulations as required by Title 47, Section 76.910 (e)(1) of the United States Code of Federal Regulations.
(Ord. 01-2301, passed 12-11-01)