§ 90-695. Gross revenue calculations.

(a)

For purposes of the gross revenue calculations required by section 90-692 above, the phrase "financial interest" as used in section 90-532(f) above shall include but not be limited to:

(1)

Any contract in which the licensee or any named owner thereof is to receive a percentage of the gross revenues and/or a percentage of the net income of the other party to the transaction by reason of the activities encompassed by said contract;

(2)

Any debt relationship in which the licensee or any named owner thereof as debtor borrows funds at a rate more advantageous than that generally available to similarly situated entities of similar credit worthiness;

(3)

Any debt relationship in which the licensee or any named owner thereof as creditor receives a rate of interest exceeding that which would otherwise be paid by a similarly situated debtor of similar credit worthiness;

(4)

Any option or warrant to purchase the stock or other equity interest in an entity or entity related to an entity which generates revenues arising from or attributable to the operation of the system;

(5)

Any debt relationship which has conversion privileges to a form of equity of the nature described in the preceding subsection.

(b)

For purposes of the gross revenue calculation required by section 90-692 above, the phrase "arising from or attributable to operation of the cable television system" as used in section 90-532(f) above shall include but not be limited to:

(1)

Any activity, product or service which generates revenue of any type whatsoever and which is offered to the subscribers of the system by means of the system or any related service;

(2)

Any activity, product or service which is revenue producing and is offered to the subscribers of the system by any medium other than the system including but not limited to direct mail and home delivery if the system's subscriber list or any portion thereof is utilized for purposes of solicitation;

(3)

Any activity, product or service in the production or provision of which any of the assets of the system including but not limited to cable, production facilities, and administrative facilities, are included, unless reasonable consideration is paid to the system for such utilization;

(4)

Any television programming or other services offered to the citizens of Sacramento County within the term of the license by any means of delivery whatsoever where such programming or services are or could be offered by means of the system.

(Ord. No. 97-12, § 2(5.75.508), 2-13-1997; Ord. No. 97-21, § 2, 12-10-1997)