A. No franchise will be granted to any applicant unless all requirements and demands of the Village regarding financial, contractual, shareholder and system disclosure have been met.
B. Applicants, including all shareholders and parties with any interest in the applicant, shall fully disclose all agreements and undertakings, whether written or oral, or implied with any person with respect to the franchise and the proposed cable television system. The grantee of a franchise shall disclose all other contracts to the Village as the contracts are made. This Section shall include, but not be limited to, any agreements between local applicants and national companies.
C. Applicants, including all shareholders and parties with any interest in the applicant, shall submit all requested information as provided by the terms of this Chapter or the application documents, which are incorporated herein by reference. The requested information must be complete and verified as true by the applicant.
D. Applicants, including all shareholders and parties with any interest in the applicant, shall disclose the numbers of shares of stock, and the holders thereof, and shall include the amount of consideration for each share of stock and the nature of the consideration.
E. Applicants, including all shareholders and parties with any interest in the applicant, shall disclose any information required by the application documents regarding other cable systems in which they hold an interest of any nature, including, but not limited to, the following:
1. Locations of all other franchises and the dates of award for each location;
2. Estimated construction costs and estimated completion dates for each system;
3. Estimated number of miles of construction and number of miles completed in each system as of the date of this application; and
4. Date for completion of construction as promised in the application for each system.
F. Applicants, including all shareholders and parties with any interest in the applicant, shall disclose any information required by the application documents regarding pending applications for other cable systems, including, but not limited to, the following:
1. Location of other franchise applications and date of application for each system;
2. Estimated dates of franchise awards;
3. Estimated number of miles of construction; and
4. Estimated construction costs. (Ord. 98-2054, 9-28-1998)