Laserfiche WebLink
REGULAR MEETING JULY 14, 1975 <br />Cancer Society of St. Joseph County Urban League of South <br />IUSB Broadcasting Class Bend and St. Joseph County <br />United Health Foundation Cooperative Extension Service <br />Transcendental Meditation Society Recreation Council <br />Elkhart Central High School Lyn Leone - Public Affairs <br />Visiting Nurse Association with Local Personalities <br />John Coffman Local Artists <br />9. Valley Cablevision Corporation has opened their fiscal <br />records for reivew.and inspection by the South Bend <br />Board of Public Works. Said Board having caused these <br />records to be reviewed by the office of the City <br />Comptroller finds:. <br />a. Valley Cablevision Corporation's records as made <br />available to the Board of Public Works have been <br />audited by McGladrey, Hanson, Dunn and Company, a <br />recognized and reliable auditing firm. <br />b. The Valley Cablevision is operating at a deficit <br />as indicated in their statements at the Public <br />Hearing. <br />C. Valley Cablevision Corporation has requested of the <br />Board of Public Works that said corporation be allowed <br />r-4 to recover their operating losses, recognized by the <br />Board of Public Works as having accrued in large part <br />because of large initial capital expenditures, within <br />a reasonable period of time. <br />d. The Board of Public Works finds this request reasonable <br />and agrees that a rate increase in accordance with the <br />petition is justified. Said petition is attached hereto <br />and made a part of this decision. <br />e. It is the understanding of this Board that Valley <br />Cablevision Corporation has pursued the matter of a <br />rate increase with the St. Joseph County Council who <br />have granted said increase to be concurrent with the <br />decision of this Board with an effective date of <br />September 1, 1975. <br />f. It is also the understanding of this Board that the <br />matter of a rate increase is being pursued in the <br />other areas of the Valley Cablevision franchise. <br />g. This Board of Public Works of the City of South Bend, <br />therefore, approves this petition for rate increases <br />as presented with an effective date of September 1, 1975. <br />Approved by South Bend <br />Board of Public Works <br />s/ Rollin E. Farrand <br />s/ James V. Barcome <br />s/ James R. Seitz <br />ATTEST: <br />s/ Patricia DeClercq, Clerk <br />Date: July 14, 1975. <br />