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Ordinance 489
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Ordinance 489
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6/4/2007 2:44:03 PM
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3/9/2007 3:31:29 PM
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<br />. <br />. <br /> <br />. ORDINANCE NO. 489 <br />PAGE SIX <br /> <br /> <br />with any law, ordinance or regulation, thee shall be recoverable <br />jointly and severally from the principal and surety of the bond, <br />any damages or losses suffered by City as a result, including the <br />full amount of any compensation, indemnification or cost of removal <br />of any property of Grantee, including a reasonable allowance for <br />attorneys' fees and costs (with interest at two percent (2%) in <br />excess of the then Prime Rate), up to the full amount of the bond, <br />and which bond shall further guarantee payment by Grantee of all <br />claims and liens against City or any public property, and taxes due <br />to City, which arise by reason of the construction, operation, <br />maintenance or use of the System. <br /> <br /> <br />Article IX. Section 1.B.(2) (d) <br /> <br />(d) If Board approveD of the action of city, the <br />FranchiDe ohall terminate immediately. If Board <br />dioappro~eo of the action of city, the Franchioe <br />ohall remain in full force and effect for the full <br />term hereof unleoD Dooner terminated in accordance <br />'iidth the pro.y?ioiono herein, or applicable la-'iii" or <br />ruleD of Board. <br /> <br />. Article XIV. Section 2.C. <br /> <br />C. The Offering shall be permanently kept and filed in the office <br />of the City Clerk and the originals or reproductions thereof <br />shall be available for inspection by the public during normal <br />business hours. Aloo, the Crantee may Dummarize the offering <br />in a manner acceptable to Ci ty or reproduce the entire <br />offering, and ohall have either at the follO'idng locationo in <br />the follO'idng quanti tieo I <br /> <br />(1) Office of the City Clerk 1 copy <br /> <br />~ (Adminiotrator deoignated in thio Franchioe 1 copy <br /> <br />(3) Public librarieo 1 copy each <br /> <br />(4) Office of the City Attorney 1 copy <br /> <br />(5) R.:J.Hloey and Hennepin County La\w Librarieo 1 copy each <br /> <br />(6) Local office of Crantee 1 copy <br /> <br />(7) Office of any ochool diDtrict in City 1 copy <br /> <br />(8) Minneoota Cable Communicationo Board <br />. <br />
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