Within ninety days of the effective date of a Franchise, a Grantee shall establish in the City's favor a performance bond in an amount no less than ten percent (10%) of the estimated cost of constructing, upgrading, or rebuilding the cable system required by the franchise agreement.
(Ord. 52-96. Passed 7-8-96.)
(Ord. 52-96. Passed 7-8-96.)