Section 10-18-202 - Required steps before a municipality may provide cable television or public telecommunications servicesBefore a municipality may engage or offer to engage in an activity described in Subsection 10-18-201(1), the legislative body of the municipality shall:
(1) hold a preliminary public hearing;(2) if the legislative body elects to proceed after holding the preliminary public hearing required by Subsection (1), approve the hiring of a feasibility consultant to conduct a feasibility study in accordance with Section 10-18-203;(3) determine whether under the feasibility study conducted under Section 10-18-203, the average annual revenues under Subsection 10-18-203(2)(f) exceed the average annual costs under Subsection 10-18-203(2)(e) by at least the amount necessary to meet the bond obligations of any bonds issued to fund the proposed cable television services or public telecommunications services: (a) based on the feasibility study's analysis:(i) for the first year of the study; and(ii) the five-year projection; and(b) separately stated with respect to: (i) the proposed cable television services; or(ii) the proposed public telecommunications services;(4) if the conditions of Subsection (3) are met, hold the public hearings required by Section 10-18-203; and(5) after holding the public hearings required by Section 10-18-203, if the legislative body of the municipality elects to proceed, adopt by resolution the feasibility study.Enacted by Chapter 83, 2001 General Session.