AN ORDINANCE RENEWING THE CABLE TELEVISION FRANCHISE WITH GALAXY CABLE, INC., D/B/A GALAXY CABLEVISION, AND APPROVING THE CHANGE OF EXPIRATION DATE.
Section 1. The request of Galaxy Cable, Inc., d/b/a Galaxy Cablevision, to renew the cable television franchise dated November 3, 1992, as assigned and amended by Transfer Ordinance #937 dated December 1, 1995, and to change the expiration date thereof to December 1, 2015, is hereby granted. Section 2. Except to the extent affected herein, the franchise Ordinance #867 dated November 3, 1992, as assigned and amended by Transfer Ordinance #937 dated December 1, 1995, shall continue in full force and effect. Section 3. With this extension, · the city chooses to change the current franchise fee on gross revenues from 3% to 5%. This change will be effective 60 days from the passing of this agreement.