PEG Capital Support. At its sole discretion, the City may designate PEG access capital projects to be funded by the City. The City shall send written notice of the City's desire for Grantee to collect as an external charge a PEG Capital Fee of up to thirty- five cents ($0.35) per customer per month to be passed on to each Subscriber pursuant Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §542(g)(2)(C)). The Grantee shall collect the external charge over a period of twelve (12) months, unless some other period is mutually agreed upon in writing, and shall make the PEG capital payments from such sums at the same time and in the same manner as Franchise Fee payments. The notice shall include a detailed and itemized description of the intended utilization of the PEG Capital Fee for PEG Access Channel facilities and/or equipment and the Grantee shall have the opportunity to review and make recommendations upon the City's plan prior to agreeing to collect and pay to the City the requested amount. The capital payments shall be expended for capital costs associated with PEG access. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, as long as the City spends the entire amount collected by the end of the term of this Agreement. Moreover, if the City chooses to borrow from itself or a financial institution revenue for large PEG capital purchases or capital expenditures, the City shall be permitted to make periodic repayments using the PEG Capital Fee. Said PEG Capital Fee shall be imposed within one hundred twenty days (120) of the City's written request.
PEG Capital Support. Within ninety (90) days of the Effective Date, Comcast shall implement the collection of a PEG Capital fee from Subscribers, which fee shall be used to provide a grant to the County for PEG capital and equipment costs associated with the production and distribution of PEG channel programming. The PEG Capital fee from Subscribers and grant to the County provided by Comcast shall be in the amount of Seventy-Two Cents (72¢) per Subscriber per month. Such grant shall be paid to the County on a quarterly basis on or before the same due dates as the payment of Franchise Fees pursuant to Section 6.2 of this Agreement. The first such payment shall be made to the County on or before the deadline for the Franchise Fee payment for the second quarter of 2019. Such grant shall not be offset against any franchise fees remitted or due to the County. Comcast and the County agree that the cost of such grant may be designated as a “cost of franchise requirements” or “external cost” as defined by the FCC and passed through to Subscribers in accordance with applicable law.
PEG Capital Support. At its sole discretion, the City may designate a PEG access capital project to be funded by the City. The Grantee shall collect as an external charge a PEG Capital Fee of thirty-five cents ($0.35) per customer per month to be passed on to each Subscriber pursuant to Section 622(g)(2)(C) of the Cable Act (47 U.S.C. §S42(g)(2)(C)). During the term of this Agreement, unless otherwise notified by the City, the Grantee shall collect the external charge and shall make the PEG capital payments from such sums at the same time and I 1 in the same manner as Franchise Fee payments. Consistent with the description of the intended utilization of the PEG Capital Fee, the City shall be permitted to hold all or a portion of the PEG Capital Fee from year to year as a designated fund to permit the City to make large capital expenditures, if necessary, provided that the entire amount is expended during the term of this agreement. Said PEG Capital Fee shall be imposed within ninety (90) days of the effective date of this agreement.
