(a) The regulation of rates controlled by this chapter is hereby suspended with authority and permission to the cable franchise holder to establish its own rates, subject however, to the requirement that such rates as are established be filed with the city at least thirty (30) days before said rates are to become effective. The provision for deregulation of rates provided by this section shall have no effect upon the continued obligation of the franchisee to pay to the city franchise fees provided by prior agreement between the parties.
(b) The city council recognizes the unique attributes of the cable television business which distinguish it from other industries. However, this council also notes that actual competition among cable television companies in the city is extremely limited, thereby allowing a potential for monopolistic profits, which by their nature are contrary to established public policy. For this reason, the city reserves the right to reinstitute rate regulation at any time it deems necessary in the future.
(Ord. No. 78-13, §§ 1, 2, 4-4-78)
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