City’s Hand in Advanced Cable Communications Pocket nets 5% ‘Vig’

The agreement between the City of Coral Springs and Advanced Cable Communications was pulled from the agenda of the February 6th meeting.  No reason was given. However, Coralsprings.com has obtained a copy of the agreement and most interestingly the City is obtaining  revenue from the the cable company,  at our expense. The current contract on the table with Advanced Cable Communications states  that Advanced will pay the City 5% of the gross revenues they obtain from their subscribers. Since almost all of the 35,000 households in the city, subscribes to the one and only cable company, the 5% is really…

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