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L75
<br />
<br />December 4, 1973
<br />
<br /> At a regular meeting of the City Council, held on December 4, 1973, there were
<br />present:
<br />
<br />E. Saunders Early, Jr., James W. Holley, Isaac W. King, Raymond B. Smith,
<br />H. M. Myers, Jr., Assistant to the City Manager, W. J. O'Brien, Jr., City
<br />Attorney.
<br />
<br />Absent: ~ack P. Barnes, Burrell R. Johnson, Robert W. Wentz, Jr.
<br />Vice Mayor Isaac W. King presiding.
<br />
<br />Prayerawas 6ffe~ed-?by:'~Ac~=~ayof!King.
<br />
<br /> Motion of Mr. Smith and seconded by Mr. Holley, minutes of November 27, 1973, to
<br />be approved as received, was adopted by the following vote:
<br />
<br />Ayes: Early, Holley, King, Smith
<br />Nays: None
<br />
<br />The {61iowing reports from the City ~anager were ~ead:
<br />
<br /> 73-498 "I submit the attached orRinance~and recom.~endthat it be placed on first
<br />reading. These amendments have been prompted by several suggestions of prospective
<br />bidders and by the necessity to make the franchise more desirable for bidders in light
<br />of recent events which have created a discouraging financial picture for cable system
<br />operators throughout the cable television industry.
<br />
<br />In general, the amendments make the following changes:
<br />
<br />(1) The discretiog~y&~enewal period has been changed from
<br /> five to ten years.
<br />
<br />(2) The City's right to purchase the cable system upon
<br /> expiration of the franchise shall be made contingent
<br /> upon its willingness to pay full fair market value
<br /> therefor instead of fair market value minus good
<br /> will (the valuation criteria as stated in the present
<br /> ordinanceS. Also, an appraisal system is established
<br /> to determine such fair market value.
<br />
<br />(3) The requirement as stated in the present ordinance that
<br /> a second trunk be laid initially for future activation
<br /> as a point to point service net has been eliminated.
<br /> Instead, the amended ordinance will require that as
<br /> future demand requires, extra channel capacity will
<br /> be added by the franchisee.
<br />
<br />(4) Various penalties under Section 5A-76 have been decreased
<br /> as follows:
<br />
<br />5A-76(a) From $500.00 to $350.00
<br />
<br />SA-76(b) From $500.00 to $350.00
<br />
<br />5A-76(c) From $250.00 to $100.00
<br />
<br />SA-76(f) From $250.00 to $100.00
<br />
<br />(s)
<br />
<br />Various other changes have be~n made which are purely
<br />technical in character for the purpose of smoothing out
<br />some rough spots in the present ordinance."
<br />
<br /> On motion of Mr. Early and seconded by Mr. Smith, the followinggordinance was
<br />approved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTM, VIRGINIA,
<br />1961, BY AMENDING SECTIONS 5A-9, 5A-14, SA-18, SA~21, 5A-28, 5A-29,
<br />5A-48 and 5A~76 THEREOF PERTAINING TO CABiE TV COMMUNICATIONS SYSTEm, S."
<br />
<br />Ayes: Early, Hotley, King, Smith
<br />Nays: None
<br />
<br /> 73-499 "I submit the attached ordinance and recommend that it be placed on first
<br />reading. By this ordinance, the revised City Code entitled "Code of the City of Portsmou~
<br />1973" will be adopted and made effective from and after February 1. 1974.
<br />
<br /> It is anticipated that prior to February 1, distribution will be made within the
<br />City Government of the two-volume set of the newly published Code."
<br />
<br /> On motion of Mr. Smith and seconded by Mr. Early, the following ordinance was
<br />approved on first readimg~,and by the following vote:
<br />
<br />
<br />
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