Cable Television Renewal License Granted to Comcast - October 6, 2015 – October 5, 2025
Renewal Term
October 6, 2015 – October 5, 2025
Below is a summary of the renewal terms:
Operating Annual Support (Franchise Fee) increased from 4.00% to 4.30% of Gross Revenue
PortMedia allocation of at least 3.6% (~$3,818,000 over 10 years)
City Technology allocation of up to 0.7% (~$742,000 over 10 years)
Portion to be used to buildout municipal fiber network
Expanded definition of “Gross Annual Revenue”
Adds ~$196,000 support over 10 years
PEG Capital Grant for PortMedia technology ($305,000 within 60 days of license)
Upgraded connections to/from 4 city sites
New fiber origination connection at the Library
Senior Discount of $2 per month off Digital Starter for ages 65 or older
Comcast agrees to maintain conveniently located customer service office