Title
Providing for the creation of the Verizon Franchise Trust Fund (VFTF) and setting conditions for the deposit and expenditure of such funds. directing the Pittsburgh Cable Communications Advisory Committee to work with CIS, PCTV and PPS in the creation of a plan for the strategic use of the resources provided pursuant the Verizon Franchise Agreement
Body
Whereas, the City of Pittsburgh (“City”) has entered into a Cable Franchise Agreement (“Agreement”) with Verizon Pennsylvania Inc. (“Verizon”) subject to approval by City Council; and
Whereas, Section 5 of the Agreement provides for the payment of grants from Verizon to the City for public, educational and governmental (“PEG”) access channel support (“Grants”) according to the terms and conditions set forth in such Sections of the Agreement; and
Whereas, the funds are restricted by federal law and therefore must be deposited, maintained, and disbursed in a manner that is consistent with federal law and separate and distinct from the general funds of the City.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. That the City Controller is hereby authorized and directed to create a trust fund entitled “Verizon Franchise Trust Fund” (VFTF) into which shall be deposited any funds received by Verizon. Funds shall be deposited into the Verizon Franchise Trust Fund (VFTF) account 466150, fund 2880, organization code 103000, budget year 2009, Mayor's Office, City Information Systems.
Section 2. Council charges the Pittsburgh Cable Communications Advisory Committee (PCAC) in conjunction with the Pittsburgh Department of Information Services (CIS) with developing a process for articulating a strategic plan for the development and use of the resources provided by the cable franchise agreement with Verizon for public, educational and governmental (PEG) channel support.
Section 3. Council directs the PCAC and CIS to engage relevant community partners, including but ...
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