ORD NO 02-1975 CITY OF VAN BUREN, ARKANSAS
ORDINANCE No, L -1975
AN ORDINANCE AMENDING ORDINANCE
21 -1971 AND ORDINANCE #38 -1974
e SETTING PERMIT FEE FOR T V CABLE
CORPORATION
WHEREFORE: Federal regulation fixes the maximium fee that
Cities may impose upon pay TV stations.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
VAN BUREN, ARKANSAS, THAT
SECTION I. THAT Section 6 b'of Ordinance Number 21 -1971
as amended by Ordinance 38 -1974 is amended as follows:
Section 6. The rights, privilege and authority granted
in this ordinance are upon the following terms and conditions:
b. Commencing January 1, 1975, as a permit fee and as
compensation for the rights and privileges enjoyed hereunder,
especially the right to use the streets, alleys, bridges and
other public places of the City, the grantee shall pay to the
City a sum in the amount of two per cent (2%) of the annual gross
revenues received by the grantee from the operation of said
community antenna system exclusive of installation charges,
for the previous fiscal year, and commencing January 1, 1976
the grantee shall pay the City a sum in the amount of three
per cent (3%) of the annual gross revenues received by the
grantees from the operation of said community antenna system
exclusive of installation charges for the previous fiscal year.
Said sum shall be payable annually on or before the 15th day
of March of each year based upon the grantee's prior fiscal
year.
On or before the 31st day of January of each year, the
grantee shall file with the City Clerk a copy of a financial
statement prepared by a certified public accountant reporting
the gross revenues of the grantee for the prior fiscal year.
The City shall have the right to inspect, either by its employees
or by an independently retained certified public accountant,
at any reasonable time the financial records of the grantee.
SECTION 2. That due to the need to raise more revenues,
and to have the same in effect for the year 1975, an emergency
therefore is declared and the Ordinance being necessary for the
ler preservation of the public peace, health and safety shall be in
full force and effect from and after its passage, approval and
acceptance by the T. V. Cable Corporation.
PASSED AND APPROVED THI5 13th day of January, 1975.
i
ATTESTED f ,i �/.J
Wir
i Mayor
City Clerk