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Ordinance No. <br /> <br /> ORDINANCE EXTENDING THE <br />CABLE TELEVISION FRANCHISE ORDINANCE <br /> <br /> WHEREAS, Time Warner Cable holds a franchise to provide cable television service for <br />Cabarms County; and <br /> <br /> WHEREAS, negotiations on a new fi'anchise agreement are continuing between Time Warner <br />Cable and Cabarms County; and <br /> <br /> WB~.REAS, Time Warner General Manager Bob Melton has agreed to an extension of the <br />current cable television franchise issued to Time Warner Cable with a franchise fee of five percent <br />(5%) of gross revenues. <br /> <br /> NOW, THEREFORE, BE 1T ORDAINED by the Board of Commissioners of the County <br />of Cabarrus that: <br /> <br /> 1. Effective immediately, the Cable Television Franchise issued to Time Warner Cable <br />is hereby extended through December 31, 1997. <br /> <br /> 2. Effective October 1, 1997, the cable television franchise fee will increase from three <br />percent (3%) to five percent (5%) of gross revenues. <br /> <br />Adopted this the __ day of <br /> <br />,1997. <br /> <br />ATTEST: <br /> <br />Sue Casper, Chairman <br />Board of Commissioners <br /> <br />Frankie F. Bonds <br />Clerk to the Board <br /> <br /> <br />