PEG Capital Support. At its sole discretion, the City may designate PEG access capital projects to be funded by the City. The City shall send written notice of the City's desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- five cents ($0.35) per customer per month to be passed on to each Subscriber pursuant Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment and the Grantee shall have the opportunity to review and make recommendations upon the City's plan prior to agreeing to collect and pay to the City the requested amount. The capital payments shall be expended for capital costs associated with PEG access. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, as long as the City spends the entire amount collected by the end of the term of this Agreement. Moreover, if the City chooses to borrow from itself or a financial institution revenue for large PEG capital purchases or capital expenditures, the City shall be permitted to make periodic repayments using the PEG Capital Fee. Said PEG Capital Fee shall be imposed within one hundred twenty days (120) of the City's written request.
Appears in 1 contract
Samples: Franchise Agreement
PEG Capital Support. At its sole discretion, the City may designate a PEG access capital projects project to be funded by the CityCity as set forth herein. The City shall send written notice of the City's ’s desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- thirty-five cents ($0.35) per customer per month charge to be passed on to each Subscriber pursuant Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment and the Grantee shall have the opportunity to review and make recommendations upon the City's ’s plan prior to agreeing to collect and pay to the City the requested amount. The capital payments shall be expended for capital costs associated with PEG access. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, as long as the City spends the entire amount collected by any finds remaining at the end of the term of this AgreementAgreement shall be credited to PEG Capital obligations in the subsequent Franchise. Moreover, if In the event the City chooses to borrow from itself or a financial institution institution, revenue for large PEG capital purchases or capital expenditures, the City shall be permitted to make periodic repayments using the PEG Capital Fee. Said PEG Capital Fee shall be imposed within one hundred twenty days (120) of the City's ’s written request.
Appears in 1 contract
Samples: Cable Television Franchise Agreement
PEG Capital Support. At its sole discretion, the City may designate a PEG access capital projects project to be funded by the CityCity as provided for herein. The City shall send written notice of the City's ’s desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- thirty-five cents ($0.35) per customer per month to be passed on to each Subscriber pursuant Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment (PEG Access capital costs) and the Grantee shall have the opportunity to review and make recommendations upon the City's ’s plan prior to agreeing to collect and pay to the City the requested amount. The During the term of this Agreement, the Grantee shall collect the external charge and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. Said collection and payments shall be expended for capital costs associated with PEG accesscontinue until such time as the amount set forth in the Plan and Notice has been collected and paid. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, as long as the City spends provided that if the entire amount collected by the end of is not expended during the term of this Agreement, any remaining funds shall be credited against PEG Capital requests from the City in subsequent franchise renewals. Moreover, if the City chooses to borrow from itself or a financial institution institution, revenue for large PEG capital purchases or capital expenditures, the City shall be permitted to make periodic repayments using the PEG Capital Fee. Said PEG Capital Fee shall be imposed within one hundred twenty days (120) days of the City's ’s written request.
Appears in 1 contract
Samples: Cable Television Franchise Agreement
PEG Capital Support. At its sole discretion, the City Village may designate a PEG access capital projects project to be funded by the CityVillage as set forth herein. The City Village shall send written notice of the City's Village’s desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- thirty-five cents ($0.35) per customer per month charge to be passed on to each Subscriber pursuant Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment and the Grantee shall have the opportunity to review and make recommendations upon the City's Village’s plan prior to agreeing to collect and pay to the City Village the requested amount. The capital payments shall be expended for capital costs associated with PEG access. Consistent with the description of the intended utilization of the PEG Capital Fee, the City Village shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City Village to make large capital expenditures, if necessary, as long as the City spends the entire amount collected by any finds remaining at the end of the term of this AgreementAgreement shall be credited to PEG Capital obligations in the subsequent Franchise. Moreover, if the City Village chooses to borrow from itself or a financial institution institution, revenue for large PEG capital purchases or capital expenditures, the City Village shall be permitted to make periodic repayments using the PEG Capital Fee. Said PEG Capital Fee shall be imposed within one hundred twenty days (120) of the City's Village’s written request.
Appears in 1 contract
Samples: Cable Television Franchise Agreement
PEG Capital Support. 8.7.1 At its sole discretion, the City may designate a PEG access capital projects project to be funded by the City. The City Grantee shall send written notice of the City's desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- five cents ($0.35) per customer per month to be passed on to each Video Subscriber pursuant consistent with Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee may request a description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment (PEG Access capital costs) and the Grantee may review and make recommendations upon the City’s plan, but such review and comment shall have no bearing on the Grantee’s obligation to collect the PEG Capital Fee. During the term of this Agreement, the Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed Said collection and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment and the Grantee shall have the opportunity to review and make recommendations upon the City's plan prior to agreeing to collect and pay to the City the requested amount. The capital payments shall be expended for capital costs associated with PEG accesscontinue until such time as the amount set forth in the Plan and Notice has been collected and paid. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, as long as the City spends provided that if the entire amount collected by the end of is not expended during the term of this Agreement. Moreoveragreement, if any remaining funds shall be credited against PEG Capital requests from the City chooses to borrow from itself or a financial institution revenue for large PEG capital purchases or capital expenditures, the City shall be permitted to make periodic repayments using the PEG Capital Feein subsequent franchise renewals. Said PEG Capital Fee shall be imposed in the first customer billing cycle after the Effective Date, provided that Grantee is actively providing Video Video services within one hundred twenty days (120) of the City's written request.
Appears in 1 contract
Samples: I3 Broadband