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4 <br />2 t <br />receipts from the cable television franchise operations within the <br />unincorporated areas of Orange County. For the year ended December 31, 1991 <br />those gross receipts were $1,726,000. Assuming the same amount of revenue <br />for the year ending December 31, 1992, Orange County is likely to receive <br />approximately $86,000 in franchise fees. This represents approximately <br />$35,000 more revenue in one calendar year than would have been collected had <br />the fees remained at 3 %. The benefit to the County of the settlement of this <br />fee dispute will likely increase as years go by. This is so because the <br />revenues from the Carolina Cable operations have increased remarkably in <br />recent years. Revenues of Prime for the one -year period April 1, 1987 <br />through March 31, 1988 were approximately $780,000. Its revenues for the <br />year ended December 31, 1991 were $1,726,000, more than double its annual <br />revenues only three years earlier. <br />RECOIMNDATION; Receive as information and direct that this agenda <br />abstract, the executed settlement agreement and a copy of the acceptance of <br />the document by Warner Cable Communications, Inc. of the Carolina Cable <br />franchise be made a part of this meeting's minutes. <br />