To the
extent permitted by the 2007 Video Services Providers Act, the Board
of Trustees of the Village of Airport Drive hereby ratifies all existing
agreements, franchises and ordinances regulating cable television
operators and other video service providers, including the imposition
of the franchise fee of five percent (5%) imposed on the gross revenues
of all such providers and further declares that such agreements, franchises
and ordinances shall continue in full force and effect until expiration
as provided therein or until pre-empted by the issuance of video service
authorizations by the Missouri Public Service Commission or otherwise
by law, but only to the extent of said pre-emption.