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File #:
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16-1203
Version:
1
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Name:
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CMedia contract termination
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Type:
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CC- Report
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Status:
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Agenda Ready
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On agenda:
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12/6/2016
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Final action:
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Title:
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REPORT - TERMINATION OF CMEDIA CONTRACT F000682
BACKGROUND: On January 14, 2014, The City entered into an Agreement with CMedia to provide for the operation of PEG (“Public Education and Government”) access channels and the management of a community media center by CMedia in exchange for funding by the City. As such, CMedia became party to this agreement that is scheduled to expire on March 31, 2017. CMedia is required to provide for such fiscal control and accounting procedures as are necessary to assure proper disbursement and accounting for funds received from the City. The unlawful use of funds shall be cause for the City to deduct such funds from any payments owed to CMedia and the immediate termination of this Agreement.
The agreement requires CMedia to submit to the City an annual proposed budget of capital equipment requirements for the upcoming year for the City’s review and consideration. At the City’s sole discretion, the PEG capital funding is to be provided to CMedia up ...
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