Laserfiche WebLink
24 <br />Letter of Credit and Liquidated Damages <br />Section 9(2) Provides for a letter of Section 9(B) (1 (2))—Letter of Credit for No such provision. <br />credit in the amount of $25,000 $25,000. <br />Section 9(2) Collection from Letter of Section 9(B) (3)—Collection from Letter of Section 8.4—Liquidated Damages to the <br />Credit for acts/omissions by Grantee to Credit for acts/omissions by Grantee to City, City (solely). <br />City or any Person. Commission or any Person. <br />Section 9(2) Failure to timely Section 9(B) (3) (a)—Failure to timely Section 8.4 (v) (1)—Failure to construct as <br />construct system in timely manner $500 construct system ar I-Net in timely manner provided in franchise, $50 per day. <br />per day. $1,000 per day. <br />Section 9(2) Failure to provide data, Section 9(B) (3) (b)—Failure to provide data, Section 8.4 (v) (3)—Failure to provide <br />reports, etc., $250 per day. reports, etc., $500 per day. data, reports, etc., $50 per day. <br />Section 9(2) after fifteen day notice, Section 9(B) (3) (c)—after fifteen day notice, No such provision. <br />failure to comply with construction, failure to comply with system requirements, <br />operation or maintenance standards, $1,000 per day. <br />$500 er da . <br />Section 9(2) Failure in PEG Section 9(B) (3) (d�Failure in PEG Section 8.4 (v) (5)—Failure in PEG <br />provisions, $500 per day. provisions, $1,000 per day. provisions $50 per day. <br />Section 9(2) Breach of contract or Section 9(B) (3) (e)—Breach of contract or Section 8.4 (v) (4)—Violation of transfer <br />agreement $500 per day. agreement $1,000 per day. provision $250 per day. <br />Initial Assessment 5-27-14 <br />