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O-512-88 ORDINANCE NO. 512-88 AN ORDINANCE AMENDING MIAMI SHORES VILLAGE ORDINANCE NO. 407-78; REDUCING TERM OF CABLE TELEVISION FRANCHISE FROM TEN TO FIVE YEARS; INCREASING FRANCHISE PAYMENTS FROM 3% to 4% OF ANNUAL GROSS REVENUE; PROVIDING FOR EFFECTIVE DATE. BE IT ORDAINED BY MIAMI SHORES VILLAGE: Section 1. Paragraph (1) , Section 4 of Miami Shores Village Ordinance No. 407-78 reads as follows: " (1) Any franchise granted by the Franchise Authority shall be for a term of 10 years following the date such franchise is accepted by the grantee, and, upon application of the grantee and review of the performance of grantee in a public proceeding, the Franchise Authority may renew the Franchise for successive 10 year periods, with such modifi- cation of terms as the Franchise Authority may determine in each instance. " Section 2. Paragraph (1) , Section 4, of Miami Shores Village Ordinance No. 407-78 shall stand amended to read as follows: " (1) Any franchise granted by the Franchise Authority shall be for a term of 5 years following the date such franchise is accepted b—y the grantee, and, upon application of the grantee and review of the performance of grantee in a public proceeding, the Franchise Authority may renew the Franchise for successive 5 year periods, with such modifi- cation of terms as the Franchise Authority may determine in each instance. " Section 3. Paragraph (1) , Section 13, of Miami Shores Village Ordinance No. 407-78 reads as follows: " (1) Any person awarded a franchise under this Ordinance shall pay to the Franchise Entity each year during the life of the Franchise, a Franchise fee in the amount of 3 per cent of its annual Gross Revenues derived from its operation of the franchised cable televisions system within the Franchise Area limits. " Section 4. Paragraph (1) , Section 13, of Miami Shores Village Ordinance No. 407-78 shall stand amended to read as follows: " (1) Any person awarded a franchise under this Ordinance shall pay to the Franchise Entity each year during the life of the Franchise, a Franchise fee in the amount of 4 per cent of its annual Gross Revenues derived from its operation of the franchised cable televisions system within the Franchise Area limits. " Section 4. This Ordinance to beowe effectiveMarch 21, 1989.. PASSED on First reading this 21stda of U , 1988. PASSED AND ADOPTED on second read' his thda-,�/of idly , 1988. EW,�NTO�Mayor ATTEST: VILLAGE CLERK APPROVED AS TO FORM By_ AtA, Deputy flerk Village Attorhey