HomeMy WebLinkAbout7365 - ADMIN Resolution - City Council - 1983/04/04r
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RESOLUTION NO. 7365
RESOLUTION ESTABLISHING FUNDING CONDITIONS
FOR PARK CABLE WORKS, INC.
WHEREAS, Park Cable Works, Inc. is a non-profit community access corporation
organized to facilitate, promote and coordinate the development of community
programming in St. Louis Park; and
WHEREAS, the City of St. Louis Park encourages the growth of community
access and supports using the City's cable tv funds in an amount to be de-
termined annually by the City Council as a grant to substantially offset
operating costs for Park Cable Works, Inc.; and
WHEREAS, continued City support of Park Cable Works, Inc. will be con-
tingent upon the availability of cable tv funds as determined by the City
Council in its budget process and the satisfactory performance of the
non-profit access corporation; and
THEREFORE, BE IT RESOLVED by the City Council of the City of St. Louis
Park that the following requirements are hereby established as funding
conditions which Park Cable Works, Inc. must satisfy to be in good standing
with the City and which will provide the information needed for the City
to assess the performance of Park Cable Works, Inc.:
1. Furnishing monthly performance reports on forms to be supplied by
the City on the 10th day of the month following the month for which the
report has been prepared;
2. Provide quarterly financial statements to the City on May 15,
August 15, and November 15 and provide an annual audited financial statement
on February 15;
3. Present an annual report to the City by February 15 detailing
accomplishments of the past year and the projected program including goals
and objectives for the coming year; and
4. Filing all access operating procedures and any amendments to these
procedures with the City.
BE IT FURTHER RESOLVED that in the event that Park Cable Works, Inc. is dissolved,
that Cable TV funds disbursed by the City to Park Cable Works, Inc. are no longer
used for grant purposes, or that assets or equipment purchased by Park Cable Works,
Inc. using said Cable TV funds are no longer being utilized for grant purposes,
Park Cable Works, Inc. shall convey to the City said assets and equipment and the
balance of any said Cable TV funds following payment of all outstanding obligations
to creditors.
Attest:
eidr"Cerk
,g
Adopted by City Council April 4, 1983
Reviewed for administration:
ty Manager City A torney
c 6 o /(47/
Mayo
Appr,ved as to f.rm and legality: