Laserfiche WebLink
( 1 ) City shall hear Grantee ' s dispute at the next regularly <br /> scheduled Council meeting. City shall supplement the <br /> Council decision with written findings of fact . <br /> ( 2 ) Upon determination by City that no violation has taken <br /> place, City shall refund to Grantee without interest all <br /> monies drawn from the Letter of Credit by reason of the <br /> alleged violation. <br /> G. If City draws upon the Letter of Credit, Grantee shall <br /> replace the same within fifteen ( 15 ) days and shall deliver <br /> to City a like replacement Letter of Credit for the <br /> applicable amount provided in paragraph A of this section as <br /> a substitution of the previous Letter of Credit . <br /> H. If any Letter of Credit is not so replaced, City may draw on <br /> said Letter of Credit for the whole amount thereof and hold <br /> the proceeds , without interest, and use the proceeds to pay <br /> costs incurred by City in performing and paying for any or <br /> all of this obligations , duties and responsibilities of <br /> Grantee under this Franchise that are not performed or paid <br /> for by Grantee pursuant hereto, including attorneys ' fees <br /> incurred by the City in so performing and paying. The <br /> failure to replace the Letter of Credit may also, at the <br /> option of the City, be deemed a default by Grantee under this <br /> Franchise . The drawing on the Letter of Credit by City, and <br /> use of the money so obtained for payment or performance of <br /> the obligations , duties and responsibilities of Grantee which <br /> are in default, shall riot be a waiver or release of such <br /> default . <br /> 47 <br /> L <br />