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Resolution 708'f 11 a ,: 0006.080.003 WSS /klt 09/21/90 RESOLUTION NO. 1: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, EXTENDING THE TERMS OF THE CURRENT FRANCHISE AGREEMENT TO CHAMBERS CABLE THROUGH AND UNTIL OCTOBER 31, 1990, PROVIDING FOR A RETROACTIVE FRANCHISE FEE. WHEREAS, the City of Edmonds, Washington, is currently engaged in the franchise renewal review process on the application of Chambers Cable; WHEREAS, the parties are currently negotiating in good faith but have been unable to reach agreement prior to expiration of the franchise; and WHEREAS, the parties wish to provide for an extension of the current agreement, subject to retroactive payment as provided herein of a franchise fee, in the belief that they will be able to reach agreement with respect to the terms of a franchise; THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The nonexclusive franchise previously granted to Chambers Cable to maintain and operate a community antenna television network within the City of Edmonds is hereby extended to October 31, 1990, under the terms of the franchise previously granted, provided, however, that by its acceptance of this extension Chambers Cable agrees to pay to the City upon execution of a franchise renewal agreement a sum equal to the WSS52676R -1- Y franchise fee as negotiated and agreed to by both parties calculated for the interim period. Section 2. This extension is granted based upon and in consideration of the good faith negotiations and efforts of both parties to reach a fair and binding franchise agreement. This extension of the franchise agreement may be further extended by action of the City Council subject to the terms herein provided. If Council finds that negotiations are at an impasse or that the public interest would be better served by a termination of the franchise agreement, it reserves such rights as it may have in law and equity to so terminate the agreement. RESOLVED this 25th day of September 1990. APPROVED: ATTEST /AUTHENTICATED: IT CLERK, JACQUELINE G. PARRETT FILED WITH THE CITY CLERK: September 21, 1990 PASSED BY THE CITY COUNCIL: September 25, 1990 RESOLUTION NO. 708 WSS52676R —2—