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Cost Sharing If an application for supporting funds is approved by the Town, the Town will contribute a maximum of one dollar(25%) for every three dollars (75%) contributed by residents toward the customer contribution cost of constructing new cable system infrastructure established in accordance with Franchise Agreement Section 4 "Service Obligations." The Town's maximum contribution for any single project shall be $15,000, except as otherwise approved by the City Council. For this purpose, "project" shall mean cable system infrastructure constructed in public ways for the benefit of the public residing within the franchise area. Customer contribution shall mean that portion of the project construction cost which is the payment obligation of the resident-customer. Procedure One or more residents of a particular eligible street desiring cable broadband service may request that the Town Public Works Department obtain a project construction cost estimate in writing from Comcast. Usually this takes Comcast four to six weeks from date of request to provide this estimate to the Town. The Town will forward a copy of the cost estimate to residents. Upon receipt of the Comcast-prepared project cost estimate, which will specify the customer contribution amount, residents may request supporting funds from the Town and shall submit their request for such funds to the Town on a Town-approved application form. Supporting fund requests are subject to availability of budgeted funds and will be disbursed on a first-come, first- served basis. The City Manager of the Town shall review and consider for approval supporting funds requests within 30 days and may request any relevant supporting documentation as necessary. Supporting funds requests of$15,000 or less may be approved by the City Manager. However, any funds request may be forwarded to the City Council for review and consideration and all supporting funds requests in excess of$15,000 shall require City Council review and approval. The Town's supporting funds amount shall not exceed 25% of the residents customer contribution cost for construction of the cable system based on the project construction cost estimate prepared by Comcast. If the supporting funds request is approved, applicants shall have ten (10) business days from date of approval by the Town to deposit their 75% share of the required customer contribution with Comcast. The City Manager and Public Works Department staff will work with residents in facilitating communications with Comcast. The Town shall remit its share of the customer contribution to Comcast upon receipt of invoice from Comcast and notification that the 75% resident customer contribution has been received. Ineligibility For this program, eligible contribution costs for supporting funds shall be amounts paid directly to Comcast for cable system construction and shall NOT include: 1) cable service installation 2 Cost Sharing Policy for the Constriction of Comcast Cable System Infrastructure Within Public Ways Approved by City Council 8/18/2016 Resolution 53-16 Page 3