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MR. HAIMOWITZ STATED THAT THEY HAVE ALREADY RECEIVED A POWER <br />WINCH TO ENABLE THEM TO OVERHAUL THEIR ANTENNAS, HE WENT ON TO DISCUSS <br />RECEPTION AND NOTED THAT NOW THAT THE COLLAPSED TOWER IN ORLANDO HAS BEEN <br />REBUILT, THEY WILL HAVE TO RELOCATE THEIR ANTENNAS ONCE AGAIN. HE STATED <br />THAT SOME CHANNELS ARE SO FAR AWAY THAT THEY WILL NEVER GET GOOD <br />RECEPTION, I.E., TAMPA AND ORMOND BEACH, AND POINTED OUT THAT THEY HAVE <br />AN OPTION TO DROP THEM OR CARRY THEM, BUT FELT THEY WOULD RECEIVE MORE <br />COMPLAINTS IF THEY DID DROP THESE TWO CHANNELS. <br />ATTORNEY COLLINS NOTED THAT INDIAN RIVER COUNTY AT PRESENT <br />ISSUES INDIAN RIVER CABLEVISION A LICENSE TO OPERATE, NOT A FRANCHISE. <br />COMMISSIONER WODTKE ASKED MR. HAIMOWITZ TO RECAP HIS PROFIT <br />AND LOSS SHEETS FOR THE LAST FOUR YEARS, <br />MR. HAIMOWITZ STATED THAT IN 1973 AND 1974 THEY SUSTAINED A <br />LOSS, BUT IN 1975 BY CURTAILING THE MAJORITY OF THEIR CONSTRUCTION EFFORT, <br />THEY MANAGED TO SHOW A $33,000 PROFIT. THEY DID THIS IN ORDER TO ATTRACT <br />INVESTORS. HE NOTED THAT THEY HAVE A RETAINED DEFICIT OF $64,000. HE <br />ESTIMATED HIS NET INCOME FOR 1976 AT APPROXIMATELY $25,000, <br />CHAIRMAN SIEBERT ASKED IF ANYONE IN THE AUDIENCE WISHED TO BE <br />HEARD. <br />.JOE GRACE OF BREEZY VILLAGE APPEARED AND STATED HE DID NOT <br />OBJECT TO THE RATE INCREASE, BUT DID OBJECT TO THE WAY THEY WERE GOING <br />ABOUT IT. HE DID NOT FEEL HE HAD BEEN PROPERLY NOTIFIED OF WHERE THE <br />MEETING WOULD BE HELD IN REGARD TO THIS INCREASE, <br />ATTORNEY COLLINS INFORMED THE BOARD THAT SOMEONE HAD CALLED AND <br />SAID THAT THEY HAD ALREADY BEEN BILLED AT THE INCREASED RATE, <br />MR. HAIMOWITZ INFORMED THE BOARD THAT THEY BILL BI -MONTHLY <br />(EVERY OTHER MONTH) AND HAD BILLED ON THE ASSUMPTION THE RATE INCREASE <br />WOULD BE GRANTED, BUT IF IT IS NOT, THE INCREASE WILL BE REFUNDED. <br />COMMISSIONER LOY ASKED WHEN THEY RECEIVED THE APPROVAL OF <br />A RATE INCREASE IN SEBASTIAN, AND MR. HAIMOWITZ SAID THEY RECEIVED IT <br />OCTOBER 1ST AND HE WOULD LIKE VERY MUCH TO COORDINATE THESE RATES AS'HE <br />DID NOT FEEL IT WOULD BE RIGHT TO INCREASE IT FOR ONE AREA AND NOT <br />ANOTHER, <br />ON MOTION BY COMMISSIONER Loy, SECONDED BY COMMISSIONER WODTKE, <br />THE BOARD UNANIMOUSLY CLOSED THE PUBLIC HEARING. <br />46 <br />CT 2 0 1976 <br />