At the expiration of the term, or any extension thereof, for which this franchise is granted, or upon its termination as provided in this subchapter, a franchisee shall forthwith, at the option of the village and upon notice by the Village Council, remove at its own expense such portions of the cable communications system owned by the franchisee as specified by the village from all streets and public property within the village. If a franchisee fails to do so, the village may have the work performed at a franchisee's expense after 30-days' written notice to a franchisee. A letter of credit or bond, at the village’s discretion, in the amount of $50,000 or in any greater amount specified in the franchise agreement shall be furnished by a franchisee for the specific performance of this section, not less than 30 days after the above notice. Such letter of credit or bond, in the village's discretion, shall be furnished in addition to and concurrently with the letter of credit or bond required in § 113.127.
(Ord. passed - -)