King William Board of Supervisors unanimously voted Monday night to push the discussion of the proposed sale of the county’s Comcast franchise to Atlantic Broadband.
The extension will allow county attorney Daniel Stuck more time to review the proposed sale and agreement, according to board chairman Bill Hodges.
The supervisors, Economic Development Authority members and county staff discussed the proposed take over during a joint meeting Feb.11.
The 1988 franchise agreement between the county and Comcast was set to expire in 15 years — 2003 — and in the agreement Comcast provides the county with 3 percent of its annual gross basic operating revenue through the state’s communication tax every year.
The county has received revenue from Comcast monthly through the state’s communication tax, according to finance director Natasha Langston.
It is unclear if the agreement was extended in 2003 due to lack of vigorous county records from that time, according to Langston.
Atlantic Broadband will officially acquire the Comcast franchise in the county if the board approves the companies’ agreement, according to county administrator Bobbie Tassinari.
Review archives were used in this report