HomeMy WebLinkAboutCC Res 3129 1982-02-08
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RESOLUTION NO. ~ 1,;'21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH PLACING PROCEEDS FROM THE GRANTING OF
A CABLE TELEVISION FRANCHISE TO THE VEHICLE
DEPRECIATION AND PLANT AND EQUIPMENT RESERVE FUNDS
WHEREAS, the City of Seal Beach will receive a lump sum payment of
$750,000 in prepaid franchise fees in accordance with an
agreement granting a cable television franchise to
Teleprompter of Southern California, Inc.; and
WHEREAS, the City of Seal Beach will also receive a lump sum payment
of $l40,388 in lieu of cable television capital equipment for
Teleprompter; and
WHEREAS, the City Council of the City of Seal Beach does desire to
utilize those proceeds for capital purchases.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Seal Beach authorizes the placement of the $750,000 in prepaid franchise
fees in the Plant and Equipment Reserve Fund (Fund 39) and the $l40,388
in lieu payment in the Vehicle Depreciation Fund (Fund 04).
PASSED, APPROVED, AND ADOPTED by the City ~~~il of the
California, at a meeting thereof on the ~~ day 0
by the following vote:
AYES: Counciln~mber
NOES:
ABSENT:
Counci lmembers
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