Resolution to authorize the Town Manager to sign a Settlement Agreement with Time Warner Cable.
ACTION: Council action is anticipated.
The current franchise agreement with Time Warner Cable guarantees annual PEG payments to the Town of Falmouth. With the contract extended through July 25, 2011, a Settlement Agreement was created to determine the outstanding fees. A final payment in the amount of $76,362.50 will be paid to the Town in the next month. The Settlement Agreement is attached.