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<br />. <br /> <br />Ordinance No. 90-3 <br /> <br />THE CITY OF ELK RIVER , MINNESOTA, DOES <br />ORDAIN AS FOLLOWS: <br />ORDINANCE NO. 84-9 OF THE CITY ENTITLED CABLE <br />COMMUNICATIONS ORDINANCE IS HEREBY AMENDED AS FOLLOWS: <br />1. ARTICLE III, Section 8 is amended by addition as <br />follows: <br /> <br />The obligation of Grantee to implement a "regional <br />channel" will be stayed and deferred for at least two years <br />from the date of this Ordinance No.90-3. Future stays or <br />deferrals of this obligation are subject to further approval <br />by the City. <br />3. ARTICLE VI, Section 4.B. is amended by addition as <br />follows: <br /> <br />(1) Throughout the term of this Franchise, Grantee <br />shail pay to the City or its designee, within sixty (60) <br />days after the end of each fiscal year of Grantee, an annual <br />Franchise Fee of five percent (5%) of all Gross Revenues. <br /> <br />. <br /> <br />EXHIBIT 1 <br />