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