CC PACKET 01081991 - Laserfiche WebLink

Home Browse Search

Section 12. Article VI, Section 5, Paragraph B is amended to read as follows: B. Grantee may be approved, and this Franchise or modification to it may be renewed, by City in accordance with then existing rules of the FCC, the State of Minnesota, the City and all other applicable laws, ordinances, rules or regulations. Section 13. Article VIII, Section 4, subsection (7) of paragraph C is amended to read as follows: (7) For failure to provide the services Grantee has proposed, including but not limited to the implementation and the utilization of the access channels and compliance with the Resolution Transferring Community Programming Responsibilities From Group W Cable of the North Suburbs, Inc., d/b/a Cable TV North Central and Amendment Agreement No. 2, the penalty shall be Five Hundred Dollars ($500.00) per day for each day, or part thereof, such failure occurs or continues. Section 14. Article VIII, Section 5, Paragraph A is amended to read as follows: A. At the commencement of this Franchise,'and at all times thereafter until Grantee has liquidated all of its obligations with City, Grantee shall maintain with City a bond in the sum of Fifty Thousand Dollars ($50,000.00)(which shall be replenishable and.increased to Two Hundred Fifty Thousand Dollars ($250,000.00) in the sole discretion of City) in such form and with such sureties as shall be acceptable to City, conditioned upon the faithful performance by Grantee of this Franchise and the acceptance hereof given by Grantee and upon the further condition that in the event Grantee shall fail to comply with any law, ordinance or regulation, there shall be recoverable jointly and severally from the principal and surety of the bond, any damages or losses suffered by City as a result, including the full amount of any compensation, indemnification or cost of removal of any property of Grantee, including a reasonable allowance for attorneys' fees and costs (with interest at two percent (2%) in excess of the then Prime Rate), up to the full amount of the bond, and which bond shall-further guarantee payment by Grantee of all claims and-liens.against City or any public property, and taxes due to City, which arise by reason of the construction, operation, maintenance or use of the System. Section 15. Section 1.B.(2)(d) of Article IX is deleted in its entirety. 5