Reso 99-134 - Laserfiche WebLink

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disconnection, and equipment rental to the full extent permitted by and consistent with State and Federal law. B. Franchisee further agrees that it shall not increase rates or charges for basic cable service, installation, disconnection, or equipment rental without at least 30 days prior notice to subscribers and the City. C. Pursuant to Section 18 of Ordinance No. 99-b~ franchisee shall at all times charge nondiscriminatory rates throughout the City. D. Franchisee shall not engage in predatory pricing or any other anti-competitive business practice as defined by applicable law. Section 33. Security fund. A. Pursuant to Section 10 of the ordinance, franchisee shall provide the City a security r:fiJ. fund or in the alternative a bond or letter of credit, as approved by the City Manager, in the $~I ~I^- *,amount of $5ctOOO.00 as security for the faithful performance of all provisions of the franchise "P"""" agreement, Ordinance No. 99- ~f the City, and all applicable State and Federal law . If such security fund or corporate guarantee is not furnished to the City within 60 days of the date of Commission resolution approving the grant of the franchise, then franchisee shall pay to the City Manager a fine in the amount of $500.00 per day, beginning on the 61st day, until the date on which the security fund or corporate guarantee is received by the City. In the event said guarantee is not received within 60 days of the date after the Commission resolution approving the grant of the franchise, this franchise agreement and the grant of the franchise will become null and void without further action by the City. B. If 30 calendar days after written notice franchisee fails to pay to the City any fees or taxes due and unpaid, or any liquidated damages, damages, costs or expenses that the City has incurred by reason of any act, omission or default of franchisee in connection with this franchise agreement or Ordinance No.99~ or amendments thereto, the City may immediately withdraw that amount, with interest and any costs, from the security fund or make such equivalent claim against the guarantee. Upon such withdrawal or claim, the City shall notify franchisee in writing of the amount and date of the withdrawal. C. Within 30 calendar days after notice to franchisee that an amount has been withdrawn by the City from the security fund, franchisee shall restore the security fund to its original amount. If franchisee fails to restore the security fund to the original amount within that 30 calendar day period, such failure shall be considered a material breach of this franchise ~ ~ \l, t\1'\ St."; v€N\E.V S -t. 'tJ"t6l-'l.. Se.~~ 33: ~ ur~ ~. ~ -# SO, 000) """,+.1L SO q 000 ?r ' <J lCv.hv,.l~~\D4lkt -26- Cable Franchise Agreemem 01