Title
Cox Communication's Annual FCC Filings for the Projected Period from July 01, 2000 through June 30, 2001. (B)
Explanation
FCC Forms 1240 and 1205 establish the basic cable service rate, the hourly rate charged for installation, and the rate charged for equipment rental in accordance with Federal Communications Commission regulations. Cox Communication's annual FCC 1240 and 1205 filing forms for the projected period July 01, 2000 through June 30, 2001 have been reviewed by City staff. All technical and accounting matters have been resolved to the satisfaction of City staff. Cox Communications' maximum permitted basic cable service rate decreased from $8.52 per month to $8.41 per month due to past and projected subscribership, expenses related to franchise requirements, and inflation. The maximum permitted hourly service charge has increased from $42.26 to $43.20. Maximum permitted equipment rental charges have also changed as specified in the filings.
Fiscal Note
City revenue derived from Cox's franchise fee payment of 5% of gross revenues may be slightly negatively impacted by these service rate changes, however, unknown factors such as cable subscribership and service selection prevent a specific fiscal impact determination.
Recommendation
The City Commission approve Cox Communication's maximum permitted rates, as filed on FCC Forms 1240 and 1205 for the Projected Period July 01, 2000 through June 30, 2001.