1979 051 Ordinance - Laserfiche WebLink

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ORDINANCE NO. Page -5- The Company shall have the right to make all rules and regulations governing its services providing same are uniform and not inconsistent with the terms thereof, The Company shall have the r ight to offer additional special services, excluding broadcast signals, at a premium rate. Such services and rates shall be set at the sole discretion of The Company. The Company shall have the authority to charge and collect the schedule of installation charges and rates contained in the above paraqraph unless and until same shall be increased. Effective one (1) year from the initiation of service, The Company may at any time, with ninety (90) days notice to the Village, institute a rate increase not to exceed any percentum increase in the Consumer Price Index when said Index has reflected a percentum increase over either: (a) The end-of-the-year Index figure for the base year of 1979; or (b) The Consumer Price Index figure as of the date of the last rate increase; whichever is later. Provided further, that such increase shall occur no more than once in any calendar year, and provided that within sixty (60) days of the notification, the Village does not notify The Company that a hearing shall be held on the proposed rate increase, which--- hearing and vote thereon shall be held within sixty (60) days follow- ing the date of setting the hearing, otherwise said increase shall take e£fect. The only grounds for disapproval of a rate increase otherwise permitted by this paragraph shall be a find that The Company is not acting in the best interest of the public interest, convenience or necessity. Section 12. The Company agrees to pay to the Village a franchise fee of three percent (3%) of the gross receipts received from the charges paid by or on behalf o£ the residents of the Village for a standard cable television service as set forth in paraqraphs (b) and (c) of Section 11. The fee paid to the Village shall be calculated on the calen- dar year basis and payment shall be made for each calendar year within sixty (60) days following the end of such year. The relevant records of The Company shall be open to inspection by the Village's repre- sentatives for a period of six (6) months following the delivery of The Company's annual statement. Section 13. The Company reserves the right to terminate any part or all of its operation if the Village grants to any other person, persons, firm or corporation rights similar to those hereby granted to operate in the Village of Mayfield, such termination to become effective with the effective date of such additional grant. Section 14. All of the terms, conditions, and provisions of the Charter of the Village of Mayfield as it now exists, relating to franchise and applicable hereto shall be considered a part of this