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addition, Grantee commits that a significant portion of its investment will be <br />targeted to areas below the median income in the City. <br />(ii) Initial Minimum Build -Out Commitment. Grantee agrees to be capable of serving <br />a minimum of fifteen percent (15%) of the City's households with cable service <br />during the first two (2) years of the initial Franchise term, provided, however that <br />Grantee will make its best efforts to complete such deployment within a shorter <br />period of time. This initial minimum build -out commitment shall include <br />deployment equitably throughout the City and to a significant number of <br />households below the medium income in the City. Nothing in this Franchise shall <br />restrict Grantee from serving additional households in the City with cable service; <br />(iii) Quarterly Meetings. Commencing January 1, 2016, and continuing throughout <br />the term of this Franchise, Grantee shall meet quarterly with the Executive <br />Director of the Commission. At each quarterly meeting, Grantee shall present <br />information acceptable to the City/Commission (to the reasonable satisfaction of <br />the City/Commission) showing the number of Households Grantee is presently <br />capable of serving with cable service and the number of Households that Grantee <br />is actually serving with cable service. Grantee shall also present information <br />acceptable to the City/Commission (to the reasonable satisfaction of the <br />City/Commission) that Grantee is equitably serving all portions of the City in <br />compliance with this subsection 2.7.1. In order to permit the City/Commission to <br />monitor and enforce the provisions of this section and other provisions of this <br />Franchise, the Grantee shall promptly, upon reasonable demand, show to the <br />City/Commission (to the City/Commission's reasonable satisfaction) maps and <br />provide other documentation showing exactly where within the City the Grantee <br />is currently providing cable service; <br />(iv) Additional Build -Out Based on Market Success. If, at any quarterly meeting, <br />Grantee is actually serving twenty seven and one-half percent (27.5%) of the <br />Households capable of receiving cable service, then Grantee agrees the minimum <br />build -out commitment shall increase to include all of the Households then capable <br />of receiving cable service plus an additional fifteen (15%) of the total households <br />in the City, which Grantee agrees to serve within two (2) years from the quarterly <br />meeting; provided, however, the Grantee shall make its best efforts to complete <br />such deployment within a shorter period of time. For example, if, at a quarterly <br />meeting with the Commission's Executive Director, Grantee shows that it is <br />capable of serving sixty percent of the households in the City with cable service <br />and is actually serving thirty percent of those Households with cable service, then <br />Grantee will agree to serve an additional fifteen percent of the total households in <br />the City no later than 2 years after that quarterly meeting (a total of 75% of the <br />total households). This additional build -out based on market success shall <br />continue until every household in the City is served; <br />(v) Line Extension. Grantee shall not have a line extension obligation until the first <br />date by which Grantee is providing Cable Service to more than fifty percent <br />11 <br />