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2014_0616_CCpacket
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2014_0616_CCpacket
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7/8/2014 1:54:21 PM
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6/12/2014 2:23:44 PM
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23 <br />advance notice of ineetings that discuss <br />review. <br />Section 8(6) After evaluation, Grantee Section 8(F) (3)---After evaluation, Grantee No such provision. <br />will meet with City to discuss changes will meet with City or Commission to discuss <br />to the franchise that are feasible. changes to the franchise that are feasible. <br />Finance and Insurance <br />Section 9(1) Performance bond of Section 9(A) (1)--Performance Bond of Section 8.5—Perfarmance Bond of <br />$500,000 $3,000,000. $500,000. City not allowed to draw on it if <br />in dispute process. <br />Section 9(1) Sets forth time to correct Section 9(A) (2)—Provides ability to extend <br />violations time by the Commission. <br />Section 9(1) If franchise is revoked, Section 9(A) (3)—If franchise is revoked, <br />City may collect for damages from the City or Commission may collect for damages <br />Performance Bond. from the Performance Bond. <br />Section 9(1) Provides for the return of Section 9(A) (4)—Provides for the return of <br />the Performance Bond to the Grantee the Performance Bond to the Grantee. <br />Section 9(1) The Performance Bond Section 9(A) (5)—The Performance Bond <br />will not interfere with other rights will not interfere with other rights reserved by <br />reserved by the City the City and the Commission. <br />Initial Assessment 5-27-14 <br />
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