My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
307
ArdenHills
>
Administration
>
City Council
>
Ordinances
>
1990-1999
>
1998
>
307
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/2/2021 3:42:32 PM
Creation date
11/10/2006 3:17:13 PM
Metadata
Fields
Template:
General (2)
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
244
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />. d. Each violation of any provision of tl1is Franchise shall be considered a <br /> separate violation for which a separate penalty can be imposed. <br /> e. Whenever City finds that Grantee has violated one or more terms, <br /> conditions or provisions of this Franchise, or for any other violation <br /> contemplated in Subparagraph c. above, a written notice shall be given to <br /> Grantee informing it of such violation. At any time after thirty (30) days <br /> (or such longer reasonable time which, in tl1e sole determination of City, <br /> is necessary to cure the alleged violation) following local receipt of notice, <br /> provided Grantee remains in violation of one or more terms, conditions or <br /> provisions of this Franchise, in the sole opinion of City, City may draw <br /> from tl1e Letter of Credit all penalties and otl1er monies due City from tl1e <br /> date of tl1e local receipt of notice. <br /> f. Whenever the Letter of Credit is drawn upon, Grantee may, within seven <br /> (7) days of such draw, notify City in writing that tl1ere is a dispute as to <br /> whether a violation or failure has in fact occurred. Such written notice by <br /> Grantee to City shall specify with particularity the matters disputed by <br /> Grantee. All penalties shall continue to accrue and City may continue to <br /> draw from the Letter of Credit during any appeal pursuant to this <br /> subparagraph f. <br />. i. City shall hear Grantee's dispute within sixty (60) days and render <br /> a final decision witl1in sixty (60) days thereafter. <br /> ii. Upon the determination of City that no violation has taken place, <br /> City shall refund to Grantee, witl10ut interest, all monies drawn <br /> from the Letter of Credit by reason of the alleged violation. <br /> g. If said Letter of Credit or any subsequent Letter of Credit delivered <br /> pursuant tl1ereto expires prior to thirty (30) montl1s after the expiration of <br /> the term of this Franchise, it shall be renewed or replaced during the term <br /> of this Franchise to provide that it will not expire earlier tl1an tl1irty (30) <br /> montl1s after the expiration of tl1is Franchise. The renewed or replaced <br /> Letter of Credit shall be of the same form and with a bank authorized <br /> herein and for the full amount stated in Paragraph A of this Section. <br /> h. If City draws upon the Letter of Credit or any subsequent Letter of Credit <br /> delivered pursuant hereto, in whole or in part, Grantee shall replace or <br /> replenish to its full amount tl1e same witl1in ten (10) days and shall deliver <br /> to City a like replacement Letter of Credit or certification of replenishment <br /> for the full amount stated in Section 9.2 (a) as a substitution of the previous <br /> Letter of Credit. This shall be a continuing obligation for any draws upon <br />. the Letter of Credit. <br /> 24 <br />
The URL can be used to link to this page
Your browser does not support the video tag.