01-12-1987 Council Packet - Laserfiche WebLink

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MINUTES -NOVEMBER 18, 1986 -gage two V. CABLE FRANCHISE TRANSFER REQL•'ST Mark Ayotte, LMCCC's Attorney gave a report on the cable franchise transfer. tie explained that Dowden is proposing to create an entity called Dowden Cable Partners L.P. Dowden Cable Partners L.P. will have two general partners, one called Dowden Communications Investors (D.C.I.) and the other called Bariston Cable Investors (B.C.I.). The general partners will control the operations and decisions of Dowden Cables Partners V.P. D.C.I. will be the management of Dowden Cable Partners L.P. and B.C.I. will be the investor. Dowden Cable Partners L.P. would then be the equivalent of what Dowden and Dow -Sat are now. Attorney Ayotte spoke with Mr. Cattoor an accountant who analyzed the franchise aspects of LMCCC's original franchise. Mr. Cattoor will be looking over the material that Mr. Ayotte has on the franchise transfer and will give the Commission a report on the financial as- pects of Dowden Cable Partners L.P. B. Swartwood is concerned that a lot of money is being spent on Attorney fee's and speculates if it is really necessary. Mr. Ayotte feels it is important to spend the money to look into the Franchise Transfer, he also stated that the Commission will be reimbursed by Dow -Sat. T. Frahm asked if B.C.I. has ever been successful in any other limited partnership established strictly for cable. Mary Smith of Dow -Sat commented that as of today B.C.I. has not yet been suc- cessful in a limited partnership for cable. Anderson asked about the Commissions next step. Mark Ayotte recom- mended to wait for Mr. Cattoors financial report and then call a special meeting in a couple of weeks for the purpose of approving or disapproving the Franchise Transfer. NOTION 11.18.86.4: Anderson moved, seconded by Haggerty, to hire Mr. Cattoor not to exceed $1,500.00 to write a financial report and analysis prior to December 1. Motion failed by paper ballot vote - 13 aye, 13 naye. Motion was discussed and amended. MOTION 11.18.8G.5: Keller moved, seconded by Haggerty, to hire Mr. Cattoor not to exceed $1,400.00 to give the Commission a report on the financial aspects of Dowden Cable Partners L.P. and set up a special meeting for December 2 at 5:00 P.M. Motion carried by paper ballot vote - 18 ayes, 7 naye. Motion approved. VI. NEW BUSINESS Administrator Hansen mentioned to the Commission that she had interviewed several people for ,t l:,art-time position. Fritz Coulter was hired and wi l l be !Aart i ng on Uc r_; mt;. r 8, 1986. Chairman Olds mentioned that the monthly edition of the Minnetonka news programming i!; on t hi,; Thurr,day, Nov(�mbcr 20 at 6:30 P.M. on channel 20.