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TC Resolution 17-02 Approving Peg Grant to High Five Access MediaAvon COLORADO TOWN OF AVON, COLORADO RESOLUTION 17-02 APPROVING PEG GRANT TO HIGH FIVE ACCESS MEDIA WHEREAS, by way of Resolution dated August g, 2016, the Town of Avon entered into a six-year Franchise Agreement with Comcast of Colorado, LLC ("Comcast"); and WHEREAS, Comcast collects and provides to the Town a monthly fee as capital support for PEG access ("PEG Fee"); and WHEREAS, Comcast has agreed to provide a one-time capital contribution of $18,000, which shall be used for immediate capital improvements; and WHEREAS, Comcast shall retain 70% of the PEG Fees collected from subscribers until the one-time capital contribution is fully recovered; and WHEREAS, Comcast shall provide to the Town the remaining 30% of the PEG Fees collected during this recovery period; and WHEREAS, once the one-time capital contribution is fully recovered, Comcast will resume providing the Town the full amount of the PEG Fees collected; and WHEREAS, High Five Access Media, the Town of Avon's designated PEG access provider, has submitted to the Town a formal request for the $18,000 that has been provided by Comcast, which they intend to use to purchase access equipment. THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON that the Avon Town Council approves issuance of the one-time capital contribution of $18,000 to High Five Access Media. ADOPTED April 11, 2017 AVON TOWN COUNCIL By: Attest: Jen ie Fancher, Mayor Debbie Hoppe, Town lerl 6