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INTRODUCED BY COUNCILMEMBER LEVY <br /> BILL NO. 7651 ORDINANCE NO. 5447 <br /> AN ORDINANCE AMENDING ORDINANCE NO. 5272 AS ENACTED ON JANUARY <br /> 5, 1981, RELATING TO THE TELEVISION FRANCHISE BY REPEALING ARTI- <br /> CLE II, SECTION 10(a) THEREOF, RELATING TO REPORTS REQUIRED; AND <br /> ENACTING IN LIEU THEREOF A NEW ARTICLE II, SECTION 10(a) TO BE <br /> KNOWN AS "ARTICLE II - SECTION 10(a) REPORTS REQUIRED," TO <br /> ALLOW THE CABLE TELEVISION COMPANY TO SUBMIT TO THE CITY MANAGER <br /> A COMPANY WIDE FINANCIAL REPORT ANNUALLY IN LIEU OF A CITY OF <br /> UNIVERSITY CITY ONLY FINANCIAL REPORT ANNUALLY; CONTAINING A <br /> SAVING CLAUSE AND PROVIDING A PENALTY. <br /> WHEREAS, the City of University City, Missouri, has found it desirable <br /> and advantages to allow Continental Television Company of University City to submit <br /> to the City annually a company wide financial report in lieu of a City only <br /> L financial report. <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, <br /> e <br /> AS FOLLOWS: <br /> Section 1. Ordinance No. 5272 as enacted on January 5, 1981, relating to <br /> the Cable Television Franchise is hereby amended by repealing Article II, Section <br /> 10(a) thereof relating to Reports Required, and enacting in lieu thereof a new <br /> Article to be know as "Article II - Section 10(a) Reports Required", to allow the <br /> Cable Television Franchise Company to submit annually to the City a company wide <br /> annual financial statement in lieu of a City only financial statement, and re- <br /> enacting said Article so that said Article, as so amended shall read as follows: <br /> ARTICLE II. CATV SYSTEM EXTENSION, OPERATION, STANDARDS AND PROCEDURE <br /> Section 10. a)REPORTS REQUIRED <br /> The Company shall file annually with the City Manager, no later than One <br /> Hundred Twenty (120) days after the end of the Company's fiscal year: <br /> 1. A copy of a financial report, including an income statement for <br /> the proceding twelve (12) month period, a balance sheet, and a <br /> statement of its properties devoted to CATV System operations, <br /> by categories, giving its investment in such properties on the <br /> basis of original costs, less applicable depreciation. These <br /> reports shall be certified as correct by an authorized officer <br /> of the Company and there shall be submitted along with them such <br /> other reasonable information as the City shall request with <br /> respect to the properties and expenses related to the Company's <br /> CATV operation. <br /> Section 2. This ordinance shall not be construed so as to relieve any <br /> person, firm or corporation from any penalty heretofore incurred by the violation <br /> of Article II - Section 10(a), nor bar the prosecution for any such violation. <br /> Section 3. This ordinance shall take effect and be in force from and <br /> after its passage, as provided by law. <br /> PASSED this 24th day of Se temb , 1984. <br /> ATTEST: MAYOR <br /> CITY CLERK / <br /> CERTIFIED TO BE CORRECT AS TO FORM: <br /> S�- Llll�a <br /> CI ATTORNEY <br />