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RESOLUTION NO. 27-94 <br />A RESOLUTION REGARDING THE ENGAGEMENT OF AN <br />ACCOUNTING EXPERT TO EVALUATE CONTINENTAL'S COST - <br />OF -SERVICE SHOWING FOR BASIC TIER CABLE RATES <br />WHEREAS, pursuant to the Communications Act of 1934, as amended by the <br />Cable Television Consumer Protection and Competition Act of 1992, and the <br />regulations prescribed thereunder ("Act"), the member municipalities of the <br />Group are each certified to regulate the rates charged for basic tier cable <br />service in their respective municipality and all equipment, installation, <br />and other services used for such basic tier service; and <br />WHEREAS, pursuant to the Act, Continental Cablevision of Northern Cook <br />County ("Continental") has submitted to the each municipality, on November <br />23, 1993, its FCC 393 form, requesting approval of its basic tier cable <br />rates; and <br />WHEREAS, Continental then, on December 29, 1993, submitted to the <br />municipalities its cost -of -service justification for its basic tier cable <br />rates; and <br />WHEREAS, the Act allows franchising authorities a 180 -day period to <br />review and evaluate cost -of -service showings in order to make an informed <br />and reasoned judgment on proposed rates and to prepare a final rate <br />decision as to whether proposed rates are within the Federal Communications <br />Commission's reasonableness standard or justifiably above the presumptively <br />reasonable level; and <br />WHEREAS, the Group has been empowered by its member municipalities, <br />pursuant to paragraph H of Article VIII, Powers and Duties of the <br />Continental Regional Cable Group, of the Continental Regional Cable Group <br />Amended Agreement, to advise and recommend to the member municipalities on <br />the need for the regulation of rates; and <br />