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HomeMy WebLinkAboutRES 3867CITY OF RENTON,WASHINGTON RESOLUTION NO.3867 A RESOLUTION OF THE CITY OF RENTON,WASHINGTON, REGARDING THE BASIC PROGRAMMING SERVICE RATE SET FORTH IN THE FEDERAL COMMUNICATIONS COMMISSION FORM 1240 FILED ON OR ABOUT APRIL 1,2006,AND THE NETWORK UPGRADE ADD-ON CALCULATED IN THE FEDERAL COMMUNICATIONS COMMISSION FORM 1235 FILED ON OR ABOUT MARCH 1,1999. WHEREAS,the City of Renton,Washington (hereinafter the "City")is a municipal corporation organized pursuant to Washington law;and WHEREAS,Section 623 of the Cable Communications Policy Act of 1984,47 U.S.c. §543,as amended,and applicable rules authorize local franchising authorities,such as the City,to regulate rates for basic service programming and the amount of any network upgrade add-on allocated to basic service subscribers;and WHEREAS,the City is certified as a rate regulation authority pursuant to rules of the Federal Communications Commission (hereinafter "FCC");and WHEREAS,Comcast of Washington IV,Inc.(hereinafter "Comcast")filed with the City a preliminary FCC Form 1235 with the City on or about March 1,1999,purporting to set forth and justifY a $1.16 network upgrade add-on to recover the costs of a network upgrade for the City that was completed in June 1999 (the "Preliminary FCC Form 1235");and WHEREAS,the $1.16 network upgrade add-on is based on projected cost data;and WHEREAS,Comcast has not filed a final FCC Form 1235 with the City that includes actual network upgrade cost data;and 1 RESOLUTION NO.3867 WHEREAS,Comcast could attempt to add the $1.16 network upgrade add-on to the basic service rate each month through the year 2014;and WHEREAS,Comcast filed with the City an FCC Fonn 1240 on or about April 1,2006, purporting to set forth and justify the rate it could charge to subscribers in the City for basic service programming (hereinafter the "2006 FCC Form 1240");and WHEREAS,the City retained Front Range Consulting,Inc.("FRC")to review the 2006 FCC Form 1240 and Warren O'Hearn to review the Preliminary FCC Fonn 1235 and any final FCC Form 1235.Front Range Consulting,Inc.and Warren O'Hearn are collectively referred to in this Resolution as the "Consultants;"and WHEREAS,based on its review of the 2006 FCC Fonn 1240,FRC prepared a final report concerning the 2006 FCC Fonn 1240,which report contains various findings,conclusions and recommendations,and submitted that final report to the City in October 2006 (hereinafter the "FRC Report"),which report is attached hereto;and WHEREAS,the FRC Report recommends that the Business &Occupational tax be excluded from the basic service rate beginning with the FCC Fonn 1240 to be filed on or about April 1,2007;and WHEREAS,the FRC Report further recommends that,beginning with the April 1,2007, FCC Fonn 1240 (the "2007 FCC Fonn 1240"),Comcast be required to include its actual total payment of FCC regulatory fees on line 708 of Worksheet 7 and the actual recoveries from subscribers on Worksheet 8;and WHEREAS,Comcast and the Consultants have discussed the 2006 FCC Form 1240 and the Preliminary FCC Form 1235 and have reached a proposed settlement of outstanding issues; and 2 RESOLUTION NO.3867 WHEREAS,the terms of the proposed settlement offered by Comcast are set forth in a January 23,2007,letter from Comcast to the City,and a proposed Settlement Agreement (the "Settlement Agreement"),both of which are attached hereto (collectively,the "Settlement Documents");and WHEREAS,the Consultants recommend that the City approve the Settlement Agreement;and WHEREAS,the City believes it is in the public interest to avoid the delay,uncertainty and costs associated with the continued review of the 2006 FCC Form 1240 and the Preliminary FCC Form 1235,and any subsequent litigation before the FCC; NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON, WASlllNGTON,DOES RESOLVB AS FOLLOWS: SECTION I.The above findings are true and correct in all respects. SECTION ll.The City hereby adopts the Settlement Documents,and approves the settlement terms contained therein.The Settlement Documents and the FRC Report addressing the 2006 FCC Form 1240 are incorporated into this Resolution by reference.The City reserves all of its rights and remedies with respect to issues,rates and calculations not expressly addressed in the Settlement Documents. SECTIONm.Comcast's maximum permitted rate for basic programming service is hereby set at $14.3566,exclusive of franchise fees and FCC regulatory fees,upon the expiration of the applicable review period.Comcast shall maintain a basic programming service rate of $12.48,exclusive of franchise fees and FCC regulatory fees,through and including July 1,2007. In the FCC Form 1240 to be filed with the City on or about April 1,2007,Comcast shall utilize a rate of $13.4066 on Module A,Line AI.FCC regulatory fees will be included in the 2007 FCC 3 RESOLUTION NO.3867 Form 1240,and in all future FCC Forms 1240 filed with the City,as specified in the Settlement Documents,and the Business and Occupational Tax shall be excluded from the 2007 FCC Form 1240,and all future FCC Forms 1240 filed with the City,as provided in the Settlement Documents. SECTION IV.The City and Comcast shall treat the Preliminary FCC Form 1235 as the "final"FCC Form 1235 for purposes of complying with FCC rules and precedent.In accordance with the Settlement Documents,Comcast shall at no time charge the network upgrade add-on calculated in the Preliminary FCC Fonn 1235. SECTIONV.The rates set herein will govern Comcasi's basic programming service rate until Corneast lawfully implements a further rate change pursuant to applicable law. SECTION VI.Comcast may charge basic programming rates less than $12.48, exclusive of franchise fees and FCC regulatory fees,as long as such rates are consistent with applicable law and are applied in a uniform and nondiscriminatory way,pursuant to applicable federal,state,and local laws and regulations. SECTION VII.Comcast shall not charge any rate higher than $12.48,exclusive of franchise fees and FCC regulatory fees,unless such rate is first filed with and approved by the City,in accordance with applicable law and regulations,including but not limited to the notice requirements imposed by 47 C.F.R.§76.1603,or as otherwise expressly permitted under applicable law and regulations. SECTIONVill. C.F.R.§76.936(a). This Resolution constitutes the written decision required by 47 4 SECTION IX. RESOLUTION NO.3867 This Resolution shall be released to the public and to Comcast,and a public notice shall be published stating that this Resolution has been issued and is available for review,pursuant to 47 C.F.R.§76.936(b). SECTIONX.The City's staff and elected and appointed officials are authorized to take all actions necessary or desired to approve and execute the Settlement Agreement. PASSED BY THE CITY COUNCIL this 26 t h day of MA RC H APPROVED BY THE MAYOR this 26 t h day of r~ARC H ,2007. ,2007. or=2w~Lawrence J.Warren,City Attorney RES.1249:3/6/07:ma 5 RESOLUTION NO.3867 Final Report To The City of Renton,Washington Regarding the FCC Forms 1240 filed by Corneast of Washington mIne. On orAbout April 1,2006 Front Range Consulting,Inc.("PRC")is pleased to provide the City of Renton,Washington (the "City"),this finaIreportregarding the FCC Form 1240 rate filing made by Comcast of Washington IV,Inc.("Comcast")on or about April 1,2006 ("1240 Filing"). The Form 1240 is filed annually and is used to calculate the maximum permitted rate for basic cable service.Under the rate regulations promulgated by the Federal Communications Commission ("FCC"),the City may review Comcast's Form 1240 to determine whether the calculated maximum permitted rate comports with FCC rules,decisions and orders.Ifthe City wishes to take any action concerning Comcast's 2006 Form 1240 it must do so prior to March 31,2007. L Report Synopsis FRC has reviewed the 1240 Filing.As detailed below,the City has several options with regards to this filing.Those options are: 1.The City could accept the 1240 Filing as submitted by Comcast,without making any RESOLUTION NO.3867 Front Range Consulting,Inc. changes; 2.The City could accept the 1240 Filing with a requirement for Comcast to modify its next FCC Form 1240 filing with respect to the treatment of the FCC regulatory fee and the exclusion of the Business and Occupational ("B&O")tax from the Basic Service Rate;or 3.The City could proceed with the Phase II investigation of the current Form 1240 filing and prepare a revised FCC Form 1240 correcting the FCC Regulatory Fee treatment and excluding the B&O tax from the Basic Service Maximum Permitted Rate ("MPR,,).1 FRC believes that~U()fthe§e options are consistent with the FCC ruleslJ]jtcoIlsidering the least disruptive customer approach,FRC recommends that the City consider adopting Option 2.Before having the City adopt a rate order based on Option 2,FRC recommends that the City authorize FRC and Bradley &Guzzetta to open informal settlement discussions with Comcast to see if a settlement could be reached on Option 2 without having the City issue a rate order.Option 2 would benefit consumers by requiring Comcast,instead of the City,to make the necessary adjustments for the B&O tax and the FCC Regulatory in its next Form 1240 filing. ll.Scope of Report FRC was retained by the City to perform a review of the 1240 Filing by Comcast and to report to the City any adjustments which could be made to this filings.FRC was requested to prepare this report based on material filed with the City and other publicly available information.2 FRC prepared one data request (dated September 15,2006)and Comeast responded to that request on September 29,2006.In addition,FRC had a conference call with Ms.Robbin Pepper and Mr.Jim Waechter of Comcast prior to the submission of the data request to discuss the treatment of the business and operations ("B&O")tax in the filing. ID.Summary of Form 1240 Filing Comcast filed the 1240 Filing on or about Aprill,2006 as required by the FCC rules. Comcast's 1240 Filing contains a proposed maximum permitted basic service rate of $14.36, which is a $0.96 (7.16%)increase over last year's filed maximum permitted basic service rate of $13.40.The $14.36 maximum permitted rate suggested by the 1240 Filing includes 1 To the extent the City adopts Option 3,the City would alsobe entitled to lower the inflation factor to the most current inflation rate released by the FCC.Currently,tlris would be 3.12%compared to tlle 3.31%included in the 1240 Filing. 2 This review was limited to an analysis oftlJ,e 1240Filing.The Form 1205 submitted by Comcast will be reviewed as part of the ongoing national ryview project.The Form 1235 is also being reviewed and will the subject of a separate report.The City shoqIdalso preseIVe its rights to modify the Form 1240 depending on the outcome of the Form 1235 review,as the results of that review may affect the rates shown on Worksheet 8 of the Form 1240. October 25,2006 P~e2 of6 RESOLUTION NO.3867 Front Range Consulting,Inc. the recovery of the B&O tax on the Basic Service rate.For example,in the July to November 2005 period covered by the prior Form 1240 filing,Comcast was only charging a Basic Service rate of $12.48 but added theB&O tax of $0.83 to the subscriber's bill resulting in a total bill for Basic Service of $13 .31.The resulting $13 .31 is just below the filed MPR in last year's filing of $13.40 IV.Issues Identified FRC investigated three areas with respect to the 1240 Filing: e Identification of Franchise-Related costs; \I Treatment of the FCC Regulatory fee in the Form 1240;and •Treatment of the B&O tax in the Form 1240. From these investigations,FRC has concluded: e Comcast has incorrectly treated the FCC Regulatory fee outside of the Form 1240,which is contrary to the Form instructions and a recent FCC Order;and •Comcast has improperly included the B&O tax in the Form 1240. In both cases,FRC believes that these improper treatments have resulted in Comcast over- recovering its costs associated with the regulated Basic Service tier. IV(a)Franchise-Related Costs FRC was initially concerned that Comcast had failed to include franchise-related costs in its Form.1240 and was including these costs in the "base rate."This treatment would be contrary to the FCC Form instructions for handling franchise-related costs.Com cast was asked to provide the franchise-related costs for the City of Renton at three intervals:(1) August 1994;(2)each month of the true-up period (the current true-up period is December 2004 to November 2005)and (3)each month ofthe projected period (the.current projected period in July 2006 to June 2007).Com cast,in its September 29,2006,respond to FRC's data request,refused to provide the amount of the franchise-related costs as of August 1994 by suggesting that"August 1994 is outside the scope of the current Form 1240 ..."FRC disagrees that the amount of the franchise-related costs as of August 1994 is irrelevant.To the extent Comcast was incurring franchise-related costs pursuant to the City's franchise,the amount is embedded in the basic service rate and must be separately identified on the rate filings submitted by Comcast since 1994 in order to prevent the FCC's forms and basic service rate regulation process from increasing the amount of embedded franchise-related costs by the inflation factor used on the "base rate."FRC has not been able to determine based on the Comcast response and the current franchise agreement if there are any franchise-related costs that Corncast is entitled to recover.In any event,FRC has concluded that Comcast is not including any such costs in the 1240 Filing.Consequently,no adjustment to the Form.1240 Filing appears to be necessary with respect to franchise-related costs.FRC would like to remind the City during the ongoing franchise re-negotiations,that if Comcast is required to provide any new franchise requirements that only those costs in October 25,2006 Page 3 of6 RESOLUTION NO.3867 Front Range Consulting,Inc. excess of the costs currently being incurred by Comcast can be included in a subsequent rate filing.Comcast should be directed to provide the original FCC 1200 where such franchise- related costs were supposed to be identified. IV(b)FCC Regulatory Fee The 1240 Filing does not include the FCC regulatory fee on line 708 of Worksheet 7 for the true-up and projected periods,as required by the Form 1240 instructions.3 This omission is inconsistent with a recent FCC decision which addressed the proper treatment of FCC regulatory fees when a cable operator files a Form 1240 and utilizes the annual rate adjustment methodology.See In the Matter ofCom cast ofMinnesota,Inc.:Order Setting Basic Service and Equipment Rates (Arden Hills,et al.),Order,20 FCC Rcd 20157 (Rei. Dec.21,2005)In the Corneast ofMirmesota decision,the FCC concluded that it was not appropriate for a cable operator to exclude the FCC regulatory fee from the Form 1240 and then to recover these costs as a separate bilI itemization,as Com cast is doing in the City.As importantly,the FCC specifically determined that the FCC regulatory should be included on line 708 of Worksheet 7 of the Form 1240.4 With respect to the FCC regulatory fee issue,FRC asked Com cast in data request 2 b): Concerning Line 708 of the Projected Period,please explain why Comcast has not included any amounts for the project FCC regulatory fee consistent with the FCC's determination in Comeast ofMinnesota,Inc.:Order Setting Basic Service and Equipment Rates,20 FCC Rcd 20157 (Rei.Dec.21,2005). Comcast responded: The FCC regulatory fees change year over year to an amount not always evenly divided by 12 months.This creates an unnecessary amount of confusion from an operational and subscriber standpoint,especially when you consider the net effect ofleaving the fees in the form or removing them from the form has no impact on the net Maximum Permitted Rate.Therefore,Com cast has not included any amounts online 708 of the Projected Period. FRC disa.grees with Comcast's response arid treatment of the FCC regulatory fee.First,the FCC has made clear (in a ease dealing with a Comcast entity,no less)that FCC regulatory fees must be included in the Form 1240.Comeast's 1240 Filing therefore plainly violates Corncast ofMinnesota Order.Such a violation may constitute a breach of the City's franchise.FRC also disagrees with Comcast's assertion that this treatment ofthe FCC regulatory fee has "no impact"on the basic service rate.Com cast currently pays the regulatory fee based on the number of subscribers as of December of each year in September of the next year.It does not pay based on the number of subscribers each month.Looking at the situation in the City, Comcast has suggested that the number of subscribers for December 2004 was 16,475.That number grows to approximately 17,000 by December 2005 and is projected to be 18,077 for 3 The instruction for line 708 clearly and explicitly directs a cable opemtor to "[elmer the total Commission regulatOl)'fee for the period"on line 708. 4 See Corneast ofMinnesota,20 FCC Red.at 20165 ..66. October 25,2006 Page 4 of6 RESOLUTION NO.3867 Front Range Consulting,Inc. December 2006.As shown on the hypothetical example attached to this Report,Comcast will be over-recovering its costs associated with the FCC regulatory fee.The hypothetical example assumes that the $0.72 per year amount for the FCC regulatory fee remains the same for illustrative purposes.Based on the assumed 0.5%assumed growth in subscribers,for the period from September to August in a hypothetical year,Comcast is over-recovering the cost by a total of $148.47 for the rate period.While the amount is fairly small in comparison to the overall revenues received by Comcast,the over-recovery will be eliminated ifComcast adheres to the FCC instructions and the Comeast ofMinnesota Order.FRC recommends that Comcast be required to include the actual payment made each September to the federal government for the FCC regulatory fee on line 708 of Worksheet 7 of FCC Form 1240 and to include the amount if separately itemized on subscriber's bilI as part of the rates shown on Worksheet 8 ofthe Form 1240.Doing so will elimina.te aily potential over-or Under-recovery onhe FCC regula.tory fee. IV (c)Inclusion ofB&O Tax According to Comcast,the MPR for basic service determined by the 1240 Filing includes the recovery of the Washington State B&O tax.Comcast determines the B&O tax included in the MPR and removes that amount from the MPR in order to detennine the amount for the Basic Service rate exclusive of the B&O tax.For example,last year's MPR was $13.31 which when divided by the B&O tax rate of 6.66%(1.06667)yields a basic rate without the B&O tax of $12.48.5 The B&O tax is shown as a separate line item on the subscriber's bill under the Fees and Taxes section of the bilL PRe does not believe that the B&O tax should be embedded in the MPR determined by the Fonn 1240.Inclusion of the B&O tax in the Form 1240 (with no separate identification on worksheet 7)allows the "base rate"which includes the embedded B&O tax to be increased by the inflation factor in the Form 1240.In this way,Comcast is increasing the inflation adjustment as inflation is applied to the embedded B&O tax.This is incorrect and must be corrected or else Comcast will be over- recovering its costs during the rate period (because it will be over-recovering the tax amount, which has been increased by the inflation factor used by Com cast).More importantly,FRC does not believe that the B&O tax should have ever been included in the Form 1240 . According to Com cast,this B&O tax was included in the Fonn 1200 filed by Viacom in August 1994 and Comcast and its predecessors have maintaimed that original treatment. Irrespective of the initial treatment of the B&O tax in the Form 1200,Comcast must be required to eliminate this 8&0 tax from the current Form 1240 in order to prevent the Form from including inflation on the B&O tax .The correct way to reverse this inclusion would be for Comcast to re-do each of the Forms 1200,1210 and 1240 from 1994 to the present. According to Comcast,they do not have these historical forms in which to make the necessary corrections.Moreover,Com cast claims that they have not been fully recovering the increases in the B&O tax but FRC cannot verify that "claim"without a complete review of all of the intervening rate fonns which Comcast apparently does not have. FRC recommends that,at a minimum,Comcast be required to remove the B&O tax amount embedded in the current proposed maximum permitted basic service rate by removing that 5 The Rate Card therefore shows the $12.48 and a B&O tax is applied at the 6.667%rate ($0.83)resulting in a combiued rate of$13.31 that is equal to the MPR October 25,2006 Page 5 of6 RESOLUTION NO.3867 Front Range Consulting,Inc. amount from the beginning"A 1"rate used on the next Form 1240 submitted to the City on or about April 2007.6 In this way any over or under recoveries of past B&O taxes will be eliminated and going forward,the Form 1240 will not include as part of the "base rate"the B&Otax. V.Conclusion FRC recommends,as identified in Section I above,that the City issue a rate order addressing the 1240 Filingunless a settlement can be achieved with Comcast essentially following Option 2.The Order should follow the Option 2 recommendation which requires Comcast to revise the methodology that it uses with regards to the treatment of the FCC regulatory fee and also requires Comcast to exclude the B&O tax from the Basic Service MPR.These modifications should be required in Comcast'snext annual rate filingmadewith the City on or about April 1,2007. 6 PRe recommends that this be done by multiplying the current B&O tax rate times the :tv1PR shown in the current 1240 Form of$14.36. October 25,2006 Page 6 of6 @omcast~ RESOLUTION NO.3867 Corneasl Gable 1500 Market Streat Philadelphia,PA 19102 Peter H.Feinberg Associate General Counsel 215.320.7934 Tel 215.320.3572 Fax FOR SETTLEMENT PURPOSES ONLY INADMISSIBLE AS EVIDENCE January 23,2007 VIA OVERNIGHT MAIL Marty Wine Renton City Hall-7th Floor 1055 South Grady Way Renton,WA 98055 Re:Resolution of Com cast's FCC Form 1235 and 2006 FCC Form 1240 Rates for City of Renton,WA Dear Ms.Wine: I am writing on behalf of Comcast Cable Communications,LLC,and its affiliate Corncast of Washington IV,Inc.(collectively,"Comcast"or the "Company")to propose the resolution ofissues identified during a review of Com cast's FCC Form 1235 and FCC Form 1240 for 2006 for the City of Renton,WA (the "City"),by City's consultant Front Range Consulting,Inc.(the "Consultant").Comcast believes that the following proposal as set forth herein,which reflects recent discussions between Comcast and City's Consultant,would minimize the substantial administrative burdens,costs,uncertainty,and delay otherwise associated with the rate review process. TERMS OF AGREEMENT RE 2006 RATE REVIEW: FCC Form 1235 1.The "pre-approval"version FCC Form 1235 filed March 1,1999 and its calculated $1.16 network upgrade add-on shall be considered the "Final"version FCC Form 1235 for purposes of complying with FCC rules and the instructions for FCC Form 1235,and the Company agrees that it is barred from filing any additional FCC Forms 1235 addressing costs incurred with respect to the network upgrade identified in the March 1,1999,FCC Form 1235.The settlement agreement shall state that the upgrade costs for the Renton system have been fully recovered for the applicable period represented in the form,and that Corncast shall at no time charge the network upgrade add-on set forth in the March 1, RESOLUTION NO.3867 Marty Wine January 23,2007 Page 2 1999,FCC Fonn 1235.The agreement shall release the Company from any future refund liability arising out of the March 1,1999 filing ofthe FCC Fonn 1235 for Renton. FCC Form 1240 2.City approves by default the FCC Form 1240 filed on April 1,2006,which derived a maximum permitted rate of $14.3566,which includes the Business &Occupational ("B&O")taxes but excludes the FCC Regulatory Fees and FCC Form 1235 add-on amount.The settlement agreement shall release Comcast from any refund liability attributable to its treatment of the B&O tax in prior rate filings and in the April 1,2006, FCeForm 1240.The City reserves all ofits rights with respect to the April!,2006, FCC Form 1240,except those rights that are explicitly waived in the settlement agreement. 3.Comcast shall maintain its current.Basic Service Rate of$12.48 until at least July 1, 2007. 4.The Company agrees to modify the 2007 FCC Form 1240,to be filed with City on or about April 1,2007,as follows: a.Module A,Line AI,Current Maximum Permitted Rate will be reduced to $13.4066. b.Worksheet 7,External Costs for the True-up and Project Period,Line 708, Commission Regulatory Fees for Peri9d,will be completed with the FCC Commission I{.egulatory Fees appropriate for each period·in the 2007 FCC Form 1240,and all subsequent FCC Forms 1240 shall reflect,subject to applicable FCC regulations then in effect,the actual total FCC Regulatory Fee payment made by Comcast for the applicable true up period and Comcast's projection of the total FCC Regulatory Fee payment in the applicable projected period. c.Worksheet 8,True-Up Rate Charged,Lines 801-812,will include the current basic service rate and FCC Regulatory Fees.The B&O tax amount of $0.95 included in the April 1,2006,FCC Form 1240 will be excluded from the April 1, 2007,FCC Form 1240.B&O taxes will be excluded from all future FCC Forms 1240 filed with the City. 5.The City reserves all of its rights and remedies with respect to the April 1,2007,FCC Form 1240,except those rights that are explicitly waived in the settlement agreement. RESOLUTION NO.3867 Marty Wine January 23,2007 Page 3 Franchise Fee Audit Document Request 6.The Company shan agree pursuant toaseparate side letter that,upon City execution of the settlement agreement,it will provide to the Consultant by close-of-business on January 26,.2007,or no later than two business days after City execution of the settlement agreement,in the event City execution occurs after January 26,2007,the gross monthly amount of the advertising revenues (advertising revenue plus advertising sales commissions)for the audit period where Comcast Corporation and/or the Company is affiliated with an advertising agency that receives commissions,such as National Cable Communications (NCe)and the applicable regional advertising entity,and the net amount (advertising revenue)where Comcast Corporation and/or the Company does not have such an affiliated interest.The provision of this information to City's Consultant shall be without prejudice to the Company's right to dispute any audit findings,or the requirement of Corneast to pay franchise fess based on the provision of such information provided to the Consultant. 7.The foregoing terms are subject to the approval of City. cc:Mr.Richard Treich Michael Bradley,Esq. Stephen Guzzetta,Esq. RESOLUTION NO.3867 SETTLEMENT AGREEMENT This Settlement Agreement is entered into this _day of ,2007, between the City of Renton,Washington ("City"),Comcast Cable Communications,LLC and Comcast of Washington IV,Inc.(collectively,"Comcast"or the "Company").The City and Comcast are collectively referred to herein as the "Parties." Recitals WHEREAS,the City is certified as a rate regulation authority pursuant to rules of the Federal Communications Commission (hereinafter "FCC");and WHEREAS,Comcast filed with the City a "pre-approval"FCC Form 1235 with the City on or about March 1,1999,purporting to set forth and justify a $1.16 network upgrade add-on to recover the costs of a network upgrade for the City that was completed in June 1999 (the "Preliminary FCC Form 1235");and WHEREAS,the $1.16 network upgrade add-on is based on projected cost data; and WHEREAS,Comcast has not filed a final FCC Form 1235 with the City that includes actual network upgrade cost data;and WHEREAS,Comcast could attempt to add the $1.16 network upgrade add-on to the basic service rate each month through the year 2014;and WHEREAS,Comcast filed with the City an FCC Form 1240 on or about April 1, 2006,purporting to set forth and justify the rate it could charge to subscribers in the City for basic service programming (hereinafter the "2006 FCC Form 1240");and WHEREAS,the City retained rate analysts to review the Preliminary FCC Form 1235 and the 2006 FCC Form 1240;and WHEREAS,the rate analysts identified certain disputed issues concerning the Preliminary FCC Form 1235 and the 2006 FCC Form 1240;and WHEREAS,Comcast has proposed to settle the outstanding issues identified by the rate analysts,as set forth in a January 23,2007,letter from Comcast to the City;and WHEREAS,the City believes it is in the public interest to avoid the delay, uncertainty and costs associated with the continued review of the 2006 FCC Form 1240 and the Preliminary FCC Form 1235,and any subsequent litigation before the FCC. NOW,THEREFORE,in consideration of premises,promises,undertakings and mutual covenants ofthe Parties and other good and sufficient consideration,the receipt RESOLUTION NO.3867 and sufficiency ofwhich are hereby acknowledged,the Parties hereby agree to the terms below: Agreement FCC Form 1235 1.The Preliminary FCC Form 1235 and its calculated $1.16 network upgrade add- on shall be considered the "Final"FCC Form 1235 for purposes of complying with FCC rules and the instructions for FCC Form 1235,and the Company agrees that it is barred from filing any additional FCC Forms 1235 addressing costs incurred with respect to the network upgrade identified in the Preliminary FCC Form 1235.Comcast represents and agrees that the upgrade costs for the Renton, Washington cable system have been fully recovered for the applicable period represented in the Preliminary FCC Form 1235.Comcast also agrees that it shall at no time charge the network upgrade add-on set forth in the Preliminary FCC Form 1235.The City hereby releases Comcast from any and all future refund liability arising out of the Preliminary FCC Form 1235. FCC Form 1240 2.The City approves by default the 2006 FCC Form 1240 that derived a maximum permitted rate of$14.3566,which rate includes the Business &Occupational ("B&O")taxes but excludes the FCC Regulatory Fees and Preliminary FCC Form 1235 add-on amount.The City hereby releases Comcast from any and all refund liability attributable to its treatment of the B&O tax in prior rate filings and in the 2006 FCC Form 1240. 3.Comcast shall maintain its current Basic Service Rate of$12.48,exclusive of franchise fees and the FCC Regulatory Fees,until at least July 1,2007.Comcast may charge basic programming rates less than $12.48,exclusive of franchise fees and FCC Regulatory Fees,as long as such rates are consistent with applicable law and are applied in a uniform and nondiscriminatory way,pursuant to applicable federal,state,and local laws and regulations. 4.The Company agrees to modify the FCC Form 1240 to be filed with City on or about April 1,2007 (the "2007 FCC Form 1240")as follows: a.Module A,Line AI,Current Maximum Permitted Rate shall be reduced to $13.4066. b.Worksheet 7,External Costs for the True-up and Projected Period,Line 708,Commission Regulatory Fees for Period,shall be completed with the FCC Regulatory Fees appropriate for each period in the 2007 FCC Form 1240,and all subsequent FCC Forms 1240 shall reflect,subject to applicable FCC regulations then in effect,the actual total FCC Regulatory 2 RESOLUTION NO.3867 Fee payment made by Corncast for the applicable true up period and Comcast's projection ofthe total FCC Regulatory Fee payment in the applicable projected period. c.Worksheet 8,True-Up Rate Charged,Lines 801-812,shaH include the current basic service rate and FCC Regulatory Fees.The B&O tax amount of $0.95 included in the 2006 FCC Form 1240 shall be excluded from the 2007 FCC Form 1240.B&O taxes shall be excluded from aU future FCC Forms 1240 filed with the City. 5.The City reserves aU of its rights and remedies with respect to the 2007 FCC Form 1240,except those rights that are explicitly waived in this Settlement Agreement. Franchise Fee Audit Document Request 6.The Company shall agree pursuant to a separate side letter that,upon City execution of this Settlement Agreement,it shall provide to Front Range Consulting,Inc.,no later than two business days after the date of said execution, the gross monthly amount of the advertising revenues (advertising revenue plus advertising sales commissions)for the audit period where Corncast Corporation and/or the Company is affiliated with an advertising agency that receives commissions,such as National Cable Communications (NCC)and the applicable regional advertising entity,and the net amount (advertising revenue)where Comcast Corporation and/or the Company does not have such an affiliated interest.The provision of this information to Front Range Consulting,Inc.shall be without prejudice to the Company's right to dispute any audit findings,or the requirement of Comcast to pay franchise fees based on the provision of such information provided to Front Range Consulting,Inc.The City,however, reserves aU of its rights and remedies with respect to Comcast's compliance with franchise provisions and applicable laws and decisions pertaining to the payment of franchise fees. General Terms and Conditions 7.Neither Comcast nor any of its affiliates or subsidiaries will take any action to challenge any provision of this Settlement Agreement as contrary to or unenforceable under applicable laws or regulations,nor will they participate with any other person in any such challenge. 8.The Parties agree that this Settlement Agreement does not constitute an admission of error on the part of either party and shall not be deemed to be an admission of any such error by either party in any civil or administrative proceeding. 3 RESOLUTION NO.3867 9.This Settlement Agreement shaH be binding upon and shaH inure to the benefit of the Parties hereto,and their successors in interest,assigns,personal representatives and heirs. 10.This Settlement Agreement is freely and voluntarily entered into by the Parties, without any duress or coercion,and after each party has consulted with its counseL Each party hereto has carefuHy and completely read aU of the terms and provisions of this Settlement Agreement. 11.This Settlement Agreement shaH be governed by and construed in accordance with the laws of the State of Washington. 12.The Parties further agree that this Settlement Agreement may be executed in multiple counterparts. COMCAST CABLE COMMUNICATIONS,LLC By:----------------- Its:----------------- COMCAST OF WASHINGTON IV,INC. By:_ Its:----------------- CITY OF RENTON,WASHINGTON By:---------------- Its:---------------- Attest:--------------- 4