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17.01.128. Bonds and other surety

            (1)        Except as expressly provided herein, Grantee shall not be required to obtain or maintain bonds or other surety as a condition of being awarded the Franchise or continuing its existence.  Grantee and City recognize that the costs associated with bonds and other surety may ultimately be borne by the Subscribers in the form of increased rates for cable services.  Initially, no bond or other surety will be required.  In the event that one is required in the future, the City agrees to give Grantee at least sixty (60) days prior written notice thereof stating the exact reason for the requirement.

            (2)        Notwithstanding the above provisions, Grantee shall be responsible for standard performance bonds and insurance required for encroachment permits for work done within City streets.

Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 99-62, Enacted, 12/16/1999

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