Laserfiche WebLink
<br /> 09/27/2004 <br />WHEREAS, to avoid a similar bankruptcy filing by RCN Telecom Services, Inc. <br />and possible non-compliance with the Franchise, the City was asked to relieve RCN of <br />certain Franchise requirements; and <br />WHEREAS, RCN and the City have reached agreement on three (3) substantive <br />amendments to the Franchise by which: 1) the Franchise expiration date will be <br />shortened should RCN not engage in substantive system construction; 2) for a period <br />of five (5) years, the City will receive liquidated damages in the amount of ten thousand <br />dollars ($10,000) per year for each year in which RCN does not complete significant <br />cable construction as defined in the Franchise; and 3) a multi jurisdictional fiber optic <br />network will be provided along the length of EI Camino Real for participating San Mateo <br />County entities for a period of twenty-five (25) years; and <br />WHEREAS, both the City and RCN desire to expressly reserve all of their <br />respective rights under state and federal law. <br />NOW, THEREFORE, THE COUNCil OF THE CITY OF REDWOOD CITY <br />DOES HEREBY ORDAIN AS FOllOWS: <br />1. That the amendment to the Franchise, attached as Exhibit A and <br /> incorporated by this reference, is hereby approved and the City Manager <br /> is authorized to execute same. <br />2. That this ordinance will be effective thirty (30) days after adoption. <br /> * * * <br />Atty/Ord/Ord.225 2275 <br />090704 2 Muff # 801 <br />, .'.- ....-.._-_._---_..,...,_.~-_........_...~ "" .. .__~. .+~.___N___.__~~_~".___,__..__.'__,·._,~_ <br />