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HomeMy WebLinkAboutResolution to Adopt 2007 PEG Access Studio Capital Budget.PDFMotion by Trustee Antil Seconded by Trustee Bisogni Approved by a vote of all ayes Resolution to Adopt 2007 PEG Access Studio Capital Budget Whereas, the franchise agreement between Time Warner Entertainment and the Village of Cayuga Heights signed in2002 authorizes time Warner entertainment to collect $0.15 per subscriber per month to be used for the purchase of equipment for the PEG Access Studio; and Whereas, the total capital budget of for the life of the ten-year agreement was estimated to be $200,000 and the working practice has been to divide the capital budget into allotments of approxirnately $20,000/yea4 and Whereas, the franchise agreement outlines the creation of an Access Oversight Committee which shall be responsible for approving the timing, use and amount of PEG access equipment acquired each year over the term of the agreement;.and Whereas, the Access Oversight Committee has approved a2007 capital budget in the amount of $20,468.80; and Whereas, the Franchise Agreement states that participating municipalities, including the Village of Cayuga Heights, must adopt the annual PEG Access Studio budget by June 30'n of the preceding year; NOW THEREFORE BE IT RESOLVED, that the Board of Trustees for the Village of Cayuga Heights adopts the 2007 PEG Access Studio budget as approved by the Access Oversight Committee. ,!