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. and economically feasible. Grantee shall interconnect channels designated by City with channels of other systems in all cases in which other system(s) indicate in writing a desire to provide an adequate share of facilities and budget for such interconnection. In any event, both parties to this agreement desire interconnection of the system to the greatest extent of technical and economic feasibility. Section III.IO. The standard VHF Channel 6 is hereby designate for uniform regional channel usage. Use of time on the regional channel shall be made available without charge. Section VI.4(E)(4). Topics which may be discussed at any evaluation session may include, but not be limited to, service rate structures; franchise fee; penalties; free or discounted services; application of new technologies; system performance; service provided; programming offered; customer complaints; privacy; amendments to this Franchise; judicial and FCC rulings; line extension policies; and Grantee or City Rules. Section VI. 5(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 VIII.4(C)(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 VIII.5(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 ($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. 3