[CC 1985 §6.5-151; Ord. No. 2651 §9.1, 8-13-1992]
The City of Ste. Genevieve may, in any lawful manner and upon
the payment of fair market valuation lawfully ascertained, purchase,
condemn, acquire, take over and hold the property and plant and contract
the rights of the grantee in whole or in part; if such purchase or
taking over be upon revocation of the franchise or at the expiration
of the term of the franchise, such valuation shall not include any
sum for the value of the franchise under which such plant and property
is being operated.
[CC 1985 §6.5-152; Ord. No. 2651 §9.2, 8-13-1992]
A.
There
shall be kept in the City's office a separate record for the franchise,
which record shall show the information described below in this Section.
The grantee shall provide such information in such form as may be
required by the City for the records.
1.
Costs. The true and entire cost of construction
of equipment, maintenance and administration and operation of the
cable communication system; the amount of stock issued, if any; the
amount of cash paid in, the number of par value shares, the amount
and character of indebtedness, if any; the rate of taxes; the dividends
declared; the character and amount of all fixed charges; the allowance,
if any, for interest and depreciation; all amounts and sources of
income as may be requested by the City.
2.
Revenues. The amount collected annually from subscribers
and users of service and the character and extent of service rendered
to them.
3.
Franchise fee payments. The amount collected annually
by the City Treasurer under the terms and conditions of the franchise
agreement.
4.
Public inspection. The books and records kept by
the City shall be open for public examination at any time during the
business hours of the City. The information, in addition to any further
data which may be required by the City, shall be furnished by the
grantee to the City upon request and at the grantee's cost and expense.
The City shall have the right to inspect all books, records, maps,
plans, income tax returns, financial statements and other like material
of the grantee at any time during normal business hours.
[CC 1985 §6.5-153; Ord. No. 2651 §9.3, 8-13-1992]
The City shall have the right to inspect all construction or
installation work performed subject to the provisions of the franchise
and to make such tests as it shall find necessary to ensure compliance
with the terms of the franchise and other pertinent provisions of
law.
[CC 1985 §6.5-154; Ord. No. 2651 §9.4, 8-13-1992]
The City shall have the right of intervention in any suit or
proceeding to which the grantee is a party and the grantee shall not
oppose such intervention by the City.
[CC 1985 §6.5-155; Ord. No. 2651 §9.5, 8-13-1992]
At the expiration of the term for which the franchise is granted
or upon its revocation or expiration as provided for herein, the City
shall have the right to require the grantee to remove, at its own
expense, any or all portions of the cable communication system for
all streets and public ways within the City.
