FCC Record, Volume 27, No. 13, Pages 10800 to 11770, September 4 - September 28, 2012 Page: 10,835
x, 10800-11770 p. ; 28 cm.View a full description of this book.
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of the auction process and the potential value of similar construction permits.)4 As described further
below, the upfront payment is a refundable deposit made by each bidder to establish eligibility to bid on
construction permits. Upfront payments that are related to the specific construction permits being
auctioned protect against frivolous or insincere bidding and provide the Commission with a source of
funds from which to collect payments owed at the close of the auction." With these considerations in
mind, we propose the upfront payments set forth in Attachment A to this Public Notice. We seek
comment on the upfront payments specified in Attachment A.
17. The Bureaus further propose that the amount of the upfront payment submitted by a bidder
will determine its initial bidding eligibility in bidding units. We propose to assign each construction
permit a specific number of bidding units, equal to one bidding unit per dollar of the upfront payment
listed in Attachment A. The number of bidding units for a given construction permit is fixed and does not
change during the auction as prices change. A bidder may place bids on multiple construction permits.
provided that the total number of bidding units associated with those construction permits does not exceed
its current eligibility. A bidder cannot increase its eligibility during the auction: it can only maintain its
eligibility or decrease its eligibility. Thus, in calculating its upfront payment amount and hence its initial
bidding eligibility, an applicant must determine the maximum number of bidding units on which it may
wish to bid (or hold provisionally winning bids) in any single round, and submit an upfront payment
amount covering that total number of bidding units. We request comment on these proposals.
Example: Upfront Payments, Bidding Eligibility, and Bidding Flexibility
MM-FM664-A Harrison, MI 7,500 $7.500
MM-FM742-A Tigerton, WI 5.000 $5.000
If a bidder wishes to bid on both construction permits in a round, it must have selected both on its FCC
Form 175 and purchased at least 12,500 bidding units (7,500 + 5,000) of bidding eligibility. If it only
wishes to bid on one, but not both, purchasing 7,500 bidding units would meet the eligibility requirement
for either construction permit. The bidder would be able to bid on either construction permit, but not
both at the same time. If the bidder purchased only 5,000 bidding units, the bidder would have enough
eligibility for the Tigerton, WI construction permit but not for the Harrison, MI construction permit.
2. Activity Rule
18. In order to ensure that the auction closes within a reasonable period of time, an activity rule
requires bidders to bid actively throughout the auction, rather than wait until late in the auction before
participating. We propose a single stage auction with the following activity requirement: In each round
of the auction, a bidder desiring to maintain its current bidding eligibility is required to be active on one
hundred percent (100%) of its bidding eligibility. A bidder's activity in a round will be the sum of the
bidding units associated with any construction permits upon which it places bids during the current round
and the bidding units associated with any construction permits for which it holds provisionally winning
bids. Failure to maintain the requisite activity level will result in the use of an activity rule waiver, if any
remain, or a reducton in the bidder's eligibility, possibly curtailing or eliminating the bidder's ability to
1 See Part 1 Order. 12 FCC Red at 5697-98 16. See also Part I Third Report and Order, 13 FCC Red at 425
86; Second Report and Order, 9 FCC Red at 2377-79 4 169-75.
' See Second Report and Order, 9 FCC Red at 2377-79 169-76.10835
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United States. Federal Communications Commission. FCC Record, Volume 27, No. 13, Pages 10800 to 11770, September 4 - September 28, 2012, book, September 2012; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc154715/m1/52/: accessed April 18, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.