CITY CHASES $650,000 FROM CABLE COMPANY.Byline: Angie Valencia Staff Writer THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - City officials and Adelphia Cable representatives will talk today and examine documents from an audit that contends the cable provider owes the city $650,000 in overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. franchise fees. City Finance Director Candis Hong said a conference call is scheduled to allow both parties to compare and analyze accounting records to reconcile preliminary findings from the city audit. ``There are a lot of unresolved Not completed; not finished; not linked together. See resolve. issues, and we can't calculate the actual amount that is owed to us until we see their records,'' Hong said. The findings cover January 2000 through June 2002. Adelphia has an exclusive contract with the city through 2005. In return, the city receives a 5 percent franchise fee. Steve Naber, Adelphia's general manager for Ventura County, said franchise fees have been paid to the city. ``We're looking at the audit,'' he said. ``I firmly believe that at the end of the day, the amount owed to the city is nowhere near that amount.'' Assistant City Attorney Jason Alcala said the preliminary audit started about four months ago. Fearing that any money owed to the city would be lost in light of Adelphia's bankruptcy filing, the city filed a claim last Friday with a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. . The audit, Alcala said, is ongoing and has not been completed; therefore, additional charges may accrue To increase; to augment; to come to by way of increase; to be added as an increase, profit, or damage. Acquired; falling due; made or executed; matured; occurred; received; vested; was created; was incurred. . However, the city needed to file the claim last week in order to make deadline. Angie Valencia, (805) 583-7602 angie.valencia(at)dailynews.com |
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