CITY OF ROYLTON, MINNESOTA
AMENDING ORDINANCENO. 17

AN ORDINANCE AMENDING THE CABLE TELEVISION FRANCHISE
ESTABLISHED BY ORDINANCE NO. 17 AND, AS AMENDED , TO EXTEND THE TERM:
 
WHEREAS, the City of Royalton, State of Minnesota, (the Franchising Authority) duly and lawfully enacted Ordinance No. 17 dated February 21, 1984 (the “Franchise”), and as amended, granting a non exclusive franchise to operate and maintain a cable communications system (“cable system”) within its boundaries; and

WHEREAS, US Cable of Coastal-Texas, L.P. (US Cable), is the current franchisee (“Franchisee”); and

WHEREAS, the Franchise is validly existing, legally enforceable and in fuIl force and effect and without default there under; and

WHEREAS, the Franchise will expire on February 26, 2009; and

WHEREAS, US Cable is requesting a ten (10) year extension of the Franchise term, and the Franchising Authority has consented to this extension.

NOW, THEREFORE, BE IT ORDAINED:
Section 1. The Franchise is hereby amended to extend the term of the Franchise for a period often (10) years from its current expiration date of February 26, 2009. The new expiration date is February 15, 2019.
Section 2. The Franchising Authority hereby confirms: (a) that the Franchise was duly enacted and properly granted, in accordance with state and local laws and is validly existing, legally enforceable and in full force and effect and without default there under; and (b) that US Cable is the holder of the right, title and interest there under.
Section 3. The Franchising Authority approves the assignment, mortgage, pledge or other encumbrance of the assets of US Cable, including the Franchise and the system covered thereby, as collateral for any loan to or financing of US Cable.
Section 4. Except as modified herein, all other terms, conditions, provisions and requirements of the Agreement shall remain in flail force and effect.
Section 5. This Ordinance shall be effective upon its passage and publication in accordance with law.
PASSED, ADOPTED AND APPROVED this 19 day of October, 2004
  
ATTEST: City Clerk: Carol Madsen
Mayor: Lori Kowalczyk