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77 schedule of ten minutes, seconded by Councilman Bury and carried on roll call vote, Councilmen Bury, Henderson, Keckley and Mayor Herkner voting yes, Council- men Granger, Petersen and Rosselli voting no. The following presentations were made by the four applicants: Mr. Richard E. Linebarger, representing Community Antenna T.V., made following points: their proposal was approxi- mately 25% less per month than any others offered; 10% rebate offer to Senior Citizens; offer of returning 5% of gross to City for promotion of educational and instruc- tional TV to all subscribers, which possibilities he described. Mr. Linebarger also stated change of bond requirement amount from $10,000 to $200,000 would force withdrawal of their application, and questioned why this amount of bond needed. He also suggested Council consider placing a moratorium on award of this franchise to allow a further study of the service proposed by a Citizens' Committee. John Mylod, 234 Marshall St., Attorney representing M & M Cable Company, of Novato, Calif., outlined experience of this Company in ownership of related fields of newspapers and radio, as well as their present operation of two CATV systems in the County, together with their financial res- ponsibility. He stated a letter of credit can be furnished to the City in any amount required to guarantee the installa- tion. He reviewed the sXtems being operated in Pacifica, Half Moon Bay, Moss Beach, E1 Granada, and Miramar. HE ALSO advised 2600 units had been installed in six months in Pacifica and outlined capabilities and experience of Staff maintained for their Company. He stated their Company offered to provide 12 channels within the corporate limits of Redwood City; 4% gross of revenue; willingness to renegotiate on a yearly basis; addition of other channels when technological advances made it possible; their further proposal to grant $10,000 for develop- ment of educational TV for schools. Mr. Verne Laughton, President of Peninsula Cable Television Corp. stated their qualifications included two important requisites of experience and financial responsibility, having over 15 fran- chises in State of California. He pointed out the financial statement of their Company's backers, Kaufman and Broad Building Company, which had been submitted to Council, indicating their financial resources. He asked that Council consider fact their application had been the first submitted without any revisions since their first proposal for a 20 channel system capacity even- tually; noted letters received concerning facts of converter; recited their construction performance in last five months for system in Belmont, with completion scheduled in approximately 7 months. He also reviewed study that had been made for route out- side of City Limits of San Carlos, plus study to give School District occasional use of a channel and equipment. He also stated he would be General Manager besides President of the Com- pany, which he felt would assure Council best and most advanced CATV system possible should award be made to their Company. Paul Kelly, Attorney representing Redwood City CATV, Inc., reminded Council of following highlights from their previous presentation: ownership and backing of their Company, installations now in pro- cess throughout the County, which he showed from illustrations on a chart, and the two connection points proposed for connection of system to Redwood City. — Harold P. See, President of Company, reiterated their proposal for offering a 20 channel system as soon as program properly engineered. City Manager advised a Staff recommendation had been submitted to Council and that all four points which Council had ordered as conditions had been incorporated in the draft ordinance granting the franchise. He also advised that all four appli- cants had been contacted as to the stipulated conditions and draft ordinance had been submitted as proposed, with three applicants indicating they could meetconditions in all respects, one applicant protesting stipulated bond requirement, as stated to Council in his presentation. He advised also Staff had made recommendation to delete preferential service to Senior Citizens because of difficulty at administration level, but that an ordinance