HomeMy WebLinkAbout130-98 RESOLUTION NO. 130-98
AUTHORIZING PONDEROSA CABLE SYSTEMS, LTD., TO REPLACE THE
PERFORMANCE SURETY BOND FOR THE TOWN'S CABLE TELEVISION
FRANCHISE WITH A SURETY BOND IN THE AMOUNT OF $15,000
WHEREAS, Section 17-10.1 of the Danville Municipal Code requires the Town' s cable television
operator to file a $50,000 performance surety bond with the Town; and
WHEREAS, the required surety bond protects the Town in the event the operator fails to comply
with any provision of the franchise; and
WHEREAS, the Town' s two cable franchise operators,
TCI Cablevision and Ponderosa Cable Systems, Ltd., have each filed a $50,000 surety bond since
the franchises were granted in 1984 and 1986, respectively; and
WHEREAS, Ponderosa Cable Systems, Ltd. has requested that their performance surety bond be
reduced to $15,000; and
WHEREAS, the Town's Municipal Code allows the Town Council, at its discretion, to authorize
an appropriate adjustment to the amount of the surety bond; and now, therefore, be it
RESOLVED, by the Danville Town Council that Ponderosa Cable Systems, Ltd., to replace the
performance surety bond for the Town' s cable television franchise with a surety bond in the amount
of $15,000.
APPROVED by the Danville Town Council at a regular meeting on September 1, 1998, by the
following vote:
AYES: Waldo,
NOES: None
ABSTAINED: None
ABSENT: None
Arnerich, Doyle, Greenberg, Shimansky
MAYOR
APPROVED AS TO FORM:
ATTEST:
CITY ATTORNEY
CITY CLERK