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ORDINANCE NO. 2523 <br />AN ORDINANCE EXTENDING THE TERM OF THE EXISTING CABLE <br />TELEVISION FRANCHISE BETWEEN THE VILLAGE OF ELK GROVE <br />VILLAGE AND CONTINENTAL CABLEVISION OF NORTHERN ILLINOIS <br />WHEREAS, Continental Cablevision of Northern Illinois currently <br />provides cable television and related service to the residents and <br />citizens of the Village of Elk Grove Village pursuant to the existing <br />Franchise Agreement; and <br />WHEREAS, pursuant to the Existing Franchise Agreement and enabling <br />ordinance, said franchise shall expire on or about December 31, 1996; <br />and <br />WHEREAS, the Village of Elk Grove Village and Continental <br />Cablevision of Northern Illinois have mutually agreed to extend the <br />Existing Franchise in order to continue the review, negotiations, and <br />clarification of the Response to Request for Proposal process in <br />anticipation of ultimately executing a Franchise Agreement; and <br />WHEREAS, the Village of Elk Grove Village has found good grounds <br />to extend the Existing Franchise and both parties have expressed their <br />intentions to do so by executing an Agreement providing for the <br />extension of the Existing Franchise. (A copy of said Existing <br />Franchise Extension is attached hereto and incorporated herein by <br />reference as Exhibit "A.") <br />NOW, THEREFORE, BE IT ORDAINED by the President and Board of <br />Trustees of the Village of Elk Grove Village, Counties of Cook and <br />DuPage, Illinois as follows: <br />Section 1: That the Existing Franchise for cable television <br />service shall be extended under the terms and conditions as provided in <br />the Agreement, as specified by Exhibit "A." <br />