Agmt06 Comcast of California - Laserfiche WebLink

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1. c. As part of any periodic evaluation proceeding the City shall have the right to visit and/or inspect, during reasonable business hours and upon reasonable notice, the Grantee's head end facility, customer service center and any other facilities of Grantee whether or not located in the City, to the extent such facilities are reasonably related to Grantee's ability to provide Cable Services to the City. d. As a result of a periodic review or evaluation session, upon notification from City, Grantee and the City may agree to meet and undertake good faith efforts to reach agreement on changes and modifications to the terms and conditions of the Franchise which are both economically and technically feasible as measured over the remaining life of the Franchise. Nothing in this section shall obligate Grantee to agree to any proposed modifications of the Franchise. SECTION 8. GENERAL FINANCIAL AND INSURANCE PROVISIONS Security Fund. a. Upon the effective date of this Franchise, Grantee shall establish and provide to City a security fund or other security satisfactory to City (e.g., collateral assignment of C.D.), as security for the faithful performance by Grantee of all material provisions of this Franchise. The security fund shall consist of two (2) parts. The first part shall consist of a performance bond of Two Hundred Fifty Thousand Dollars ($250,000) to cover the Cable System construction, as may be required herein. The bond shall be in a form acceptable to the City. The second part of the security fund shall be in the amount of at least One Hundred Fifty Thousand Dollars ($150,000) and shall be in the form of a performance bond drawn on a California bank. b. The security shall be maintained as follows: 1. The Two Hundred Fifty Thousand Dollars ($250,000) bond shall be maintained until the completion of any System construction as provided for in Section 4 and Exhibit C herein at which time the bond shall be released, provided there are then no outstanding material violations of this Franchise. 11. The performance bond shall be maintained at the One Hundred Fifty Thousand Dollars ($150,000) level throughout the term of this Franchise, provided that at intervals no more often than each three (3) years, City shall have the right to require that this amount be increased to reflect changes in the San Francisco Metropolitan Area Consumer Price Index during the prior three (3) year period. If the performance bond has an expiration date, it shall be renewed not less than thirty (30) days prior to 29