[Ord. No. 455 §1, 7-17-2001]
The City hereby adopts and enacts into law the Cable Communications
Regulatory Code, marked as Appendix I, on file in the office of the
City Clerk.
[Ord. No. 455 §§2 —
4, 7-17-2001]
A. The City hereby declares its desire and intent to maintain the cooperative effort giving rise to the North Area Telecommunications Authority originally established through the Telecommunications Regulatory Ordinance as reorganized by its members through Subsections
(B) and
(C) of this Section.
B. The Board
of Alderpersons of the City of Greendale accordingly declares its
continued participation in the North Area Telecommunications Authority
with the understanding and upon the conditions that follow:
1. The
Board of Directors of the North Area Telecommunications Authority
shall adopt revised and amended bylaws for the reorganization and
operation of the Authority, which said bylaws shall supersede any
existing rules and regulations and which shall be in substantial conformity
with Exhibit 2 on file in the City offices.
2. The
Board of Directors of the North Area Telecommunications Authority
shall, consistent with the reorganization to be effected by the adoption
of Exhibit 2 on file in the City offices:
a. Perform
an accounting of all assets of NATA;
b. Liquidate
all unnecessary assets;
c. Collect
any amounts owed to NATA;
d. Retain
such amounts as may be deemed necessary by the Board to:
(1) Retire any outstanding obligations, and
(2) Maintain a reserve fund, and
e. Return
to NATA's member municipalities, in proportion to the amounts so paid
by each member on a cable subscriber basis, excess funds as deemed
appropriate by the NATA Board.
C. The City
Clerk is hereby authorized and directed to deliver to the Chairman
of the North Area Telecommunications Authority a certified copy of
this Chapter and upon such delivery the City shall be deemed to continue
as a member of the Authority under the terms and conditions set forth
herein.