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HomeMy WebLinkAboutOrdinances Book 13, Page 543, No Resolution Number54;3��. A RESOLUTION ACCEPTING THE BID OF MIDWEST VIDEO CORPORATION IN THE SUN OF 'p1,000.00 FOR THE SALE OF A TELEVISION SIGNAL FRANCHISE AND TENTATIVELY GRANTING SUCH FRANCHISE TO MIDWEST VIDEO CORPORATION WHEREAS, on April 17, 1956 the Board of Commissioners of the City of Paducah adopted an ordinance creating a franchise or privilege to construct, operate and maintain television signal lines and appurtenances upon, along, across, over and under the streets, alleys and public pays of the City, providing the terms and conditions there- for and providing for the sale of said franchise or privilege, and WHEREAS, the City Manager has filed with this Board his report showing the sale was advertised in the Sun Democrat on May 10, 1956 and on May 17, 1956, and that Midwest Video Corporation of Little Rock, Arkansas alas the only qualified bidder at the sale, and bid the sum of $1,000.00 for such franchise, which sum has been deposited with the City laliager as evidenced by chech of Midwest Video Corporation dated May 15, 1956, numbered $75 in the sum of $1,000.00 and WREREAS, under Section 8 of the aforesaid ordinance the successful bidder, irithin thirty (30) days from the confirmation of the sale, is required to give a sufficient bond acceptable to the City in a sum equal to one-fourth of the fair estimated cost of the plant to be erected, and WHEREAS, under Section 5 of the aforesaid ordinance.the successful bidder is required to furnished the City with certain comprehensive general liability insurance. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF CODII13 SIONERS OF THE CITY OF PADUCAH, IENTUCKY: SECTION 1. That subject to the hereinafter set out conditions, the sale of a television signal franchise made by the City Manager on May 22, 1956 is hereby confirmed, and such franchise as set out in the ordinance authorizing the same passed by the Board of Commissioners April 17, 1956, is hereby granted to said Midwest Video Corporation. SECTION 2_ The confirmation of the sale referred to in Section 1 hereof and the granting of the franchise herein shall not be filial and effective unless, within thirty (30) days from this date, Midwest Video Corporation executes a sufficient bond acceptable -to the City in a sum equal to one-fourth of the fair estimated cost of the plant to be erected, which bond shall be conditioned to be enforceable in the event said Midwest Video Corporation fails within a reasonable time to establish a suitable plant for rendering the service and begin rendering the serviess in the manner set forth in -the terms of the sale 544 nor shall the confirmation of the sale and the granting of the franchise be final and effective until Midwest Video Corporation furnished the City with comprehensive general liability insurance as required and provided by Section 5 of the Television Signal Franchise Ordinance passed by -the Board of Commissioners April 17, 1956. SECTION 3. This Resolution shall be in full force and effect from and after its adoption. yor Passed by the Board.of Commissioners May 22, 1956 Recorded by Sarah Thurman, City Clerk, May 22, 1956.