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<br />.c <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />Section 3. The financial contributions of the Members <br />in support of the Commission shall be in direct proportion <br />to the percent of annual revenues of each Member to the <br />total annual revenues of the system for the prior year <br />multiplied by the Commission's annual budget. The annual <br />budget shall establish the contribution of each Member <br />for the ensuing year. The Commission is hereby designated <br />as the entity to whom the Member's Franchise Fee shall <br />be paid by the Grantee. Any Franchise Fee paid to the <br />Commission by the Grantee in excess of the Commission budget <br />shall be returned to the Members in the same proportion <br />as each Member's contribution to the Commission budget. <br />The Members agree to use excess Franchise Fees for cable- <br />related expenses. <br /> <br />The above-listed resolution was moved by Council Member <br />Dobel and duly seconded by Council Member <br />Holmgren <br /> <br />The following Council Members voted in the affirmative: <br /> <br />Mayor Gunkel, Councilmembers Dobel, Holmgren, Schuldt, and <br />Tralle <br /> <br />The following Council Members voted in the negative: <br /> <br />None <br /> <br />The above resolution was duly adopted December 5 <br />1988. <br /> <br />ATTEST: <br /> <br />...~- <br /> <br /> <br />':Lt~ r2~~ <br /> <br />(d;jj; c?~ <br /> <br />Mayor <br /> <br />)?;~)? /rP~ <br /> <br />City Official <br /> <br />-2- <br />