HomeMy WebLinkAboutMINUTES Light and Power Committee 1978-05-03RECORD OF PROCEEDINGS
Light &Power Committee
May 3,1978
Committee:Chairman Burgess,Trustees Houston and Swickard
Attending:Chairman Burgess,Trustee Swickard
Also Attending:Town Administrator Hill,Light &Power Director Dekker,
Finance Officer Duncan
Absent:Trustee Houston
CABLEVISION OF ESTE$PARK:
John Schott of Liberty Communications Company and Ron Townsend of
CableVision of Estes Park presented the Company’s financial statement
to the Committee (a copy of which is attached to these minutes).Mr.
Schott explained Liberty Communications Company’s present operation
and its potential development in the area of emergency communications
as well as entertainment.He stressed,however,the need for a rate
increase in order to continue the operation of CableVision of Estes
Park which is now operating at a loss.Such a rate increase would
also require a continuous built-in inflation rate.In addition to the
rate increase,Mr.Schott and Mr.Townsend requested elimination of
the pole attachment and franchise fees,and the adoption of an ordi
nance by the Town dealing with “theft of service”problems.Mr.Schott
agreed to submit these requests in writing.
The Committee recommends obtaining a legal opinion regarding Town
participation in controlling “theft of services”and setting the
June 13,1978 Board of Trustees meeting as a public hearing for the
rate increase.
The Committee also recommends entering into permit agreements with
Home Box Office and Translator T.V.
CHRISTMAS DECORATIONS -FALL RIVER ROAD AREA:
In response to the Fall River Association’s request,the Committee
recommends extending the Christmas tree lighting on the street light
poles as follows:
Dr.Dunker’stojunction of Hwy 34 &Hwy 34 Bypass (4 poles).$489.40
Stanley Hotel Entrance to junction of Hwy 34 &Hwy 34 Bypass
(19 poles)...$2,324.65
$2,814.05
REPORTS:
MARYS LAKE SUBSTATION should begin operation by the end of June.
SOUTH LINE REBUILD from Marys Lake to Cheley Camp area will be above
ground rather than 6,000 feet underground as originally planned.
FALL RIVER HYDRO PLANT should be in operation by the 3rd week in May.
There being no further business,the meeting adjourned.
Joan1 Van Horn,Town Clerk
MAY 1 8 1°73 1’/
‘—I
..Q(Th (Th
•LIEERTY 0MUNICATI0NS C0V!PAY
•EALANflE SHE
ASSETS 1974 1 979 1 976 1 977 2/1978
Cash 1577 3288 585 7579 10505
Arct.Rec.2929 687 2640 5712 3637
Not e a.
rec.$000
Lepr.
assets 183,851 175,790 147.257 155,495 154,895
Prepaid
expenses 2762 1401 1104 808 808
190,715 192,16 151,584 149.594 149,845
LIABILITIES &CAPITALIZATION
Accts.
payable 22,074 8330 15,925 15,219 15,169
Notes payable
‘onds 39,000 30,000 25.759 20,000 20,000
Stockholders 21,288 62,656 96,019 110,752 112,256
Individual 19,961 18,691 19,257 66,455 71,455
3pita1
stock 14,000 18,000 18,000 18,000 18,000
Capital
surijlus’111.000 157,000 157,000 197.000 15,000
Ern ings
(loss)(52,607)(103,491)(178,554)(239,811)(242,017)
190,716 191,166 151,384 145,595 149,843
Accurrulatei
Depr.tken 29,866 73,561 116,271 152,401 152,401
r.
00
LIERTY O!M{]NI0ATI0 CO:PANY
01 .RAI ‘APE T
____
1975 1q76 1977 2/1978
Gross
receipts 44,617 c1,015 46,990 5.6Q4 10,878
0peratin
expenses 77,223 121,900 122,055 116860 19,084
Profit
(Loss)(32,60E)(70,885)(75,063)(61.256)(8,206)
Lepreciation 29,86E 43,495 42,911 3E,10 6,000
Operating
nash (2,70)(27,90)(32,152)(25,126)(2,206)
flow
V’RITE OFFS
1975 1976 1977 1978
Jap.387 706 959 110
Feb.888 1509 66 221
fr.489 1377 245
ADr.181 657 29
;y 180 15 16
June 197 751 18
July 15 31 51
Aug.50 958 1162
Sept.1706 816 74
Oct.113 186 5
Nov.320 18 —0—
Leo.1093 21 5006
TOTAL 6243 7005 5609 331