Any person desiring to operate a community antenna television system or television or radio transmission business under the provisions of this chapter shall make application therefor in writing to the Municipal Administrator. The application shall contain:
(a) The names and addresses of persons interested in the application, including all partners, if a partnership, and all officers, if a corporation.
(b) The proposed plan of construction and method of distribution of television and radio signals.
(c) A schedule of rates to be charged customers.
(d) A current profit and loss statement and balance sheet of the applicant's business certified to by a certified public accountant.
(e) A statement indicating liability insurance coverage of not less than $25,000 as to any one accident, and not less than $200,000 aggregate in any single policy year; and against liability due to bodily injury or to death of persons, not less than $100,000 as to any one person, and not less than $300,000 as to any one accident.
(f) A statement indicating ability to furnish a performance bond to the Municipality in any sum and form required by council with sufficient sureties thereon guaranteeing payment of all sums which may at any time become due from the applicant to the Municipality under the terms of the requested franchise and guaranteeing of faithful performance of all obligations of the applicant.
(g) A schedule of the amount proposed to be paid to the Municipality as a percentage of the gross receipts from monthly service charges.
(1980 Code 122.03)
(1980 Code 122.03)