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Ord84 1906
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Ord84 1906
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Last modified
10/11/2019 3:12:44 PM
Creation date
10/11/2019 3:12:41 PM
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
12/17/1984
Description
DES:sh 11/26/84R OR;/ '"'fill 1906 I GuĂș1L ORDINANCE 1 7 7984 --------- AN ORDINANCE AWARDING A NON-EXCLUSIVE FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN A COMMUNITY ANTENNA TELEVISION SYSTEM WITHIN THE CITY OF REDWOOD CITY TO NATIONWIDE CABLEVISION, INC., DBA PENINSULA CABLE TV; ESTABLISHING CERTAIN CONDITIONS THEREFOR; AND REPEALING ORDINANCE NO. 1892 AND ALL OTHER ORDINANCES IN CONFLICT HEREWITH THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: SECTION 1. REPEALER. Ordinance No. 1892, adopted April 2, 1984 entitled "An Ordinance Awarding Non-Exclusive Franchise to Construct, Operate and Maintain a Community Antenna Television System Within the City of Redwood City to Nationwide Cablevision
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<br /> DCB:rks 6/28/84R <br /> DCB:sh 8/06/84R <br /> DCB:sh 8/17/84R <br /> DES:sh 10/25/84R <br /> DES:sh 11/26/84R <br />Grantee shall submit a reconciliation statement to Grantor. If <br />such reconciliation statement shows that Grantor is entitled to a <br />greater amount in franchise fees than has already been paid by <br />Grantee to Grantor, Grantee shall pay such additional amount <br />within thirty (30) days of receipt of the reconciliation <br />statement. If such reconciliation statement shows Grantee has <br />paid a greater amount to Grantor than Grantor was entitled to <br />receive as a franchise fee, Grantor shall reimburse Grantee such <br />additional amount within thirty (30) days of receipt of the <br />reconciliation statement. <br /> No acceptance of any payment by Grantor shall be construed <br />as a release or as an accord and satisfaction of any claim <br />Grantor may have for further or additional sums payable as a <br />franchise fee under this ordinance or for the performance of any <br />other obligation of Grantee. <br /> In the event that any franchise payment or recomputed amount <br />is not made on or before the dates specified herein, Grantee <br />shall pay as additional compensation the greater of the following <br />amounts: <br /> (1 ) An interest charge, computed from such due date, <br /> at the annual rate equal to the prevailing <br /> commercial prime interest rate in effect upon the <br /> due date. <br /> ( 2) A sum of money equal to five percent (5%) of the <br /> amount due as liquidated damages to compensate <br /> Grantor for additional expenses and costs incurred <br /> by the reason of delinquent payment. <br /> SECTION 6. INSTALLATION. Grantee shall comply with all <br /> 7 <br /> - .--..,- <br />
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