On February 3, 1981, City Council granted Teleprompter a one-hundred-twenty-day extension to account for construction delays experienced by Teleprompter. The extension is subject to the following conditions:
A. Where this franchise references a service rate which shall remain in effect with no increase for a period of three years, such time period for the service rate shall be extended for an additional one hundred twenty days.
B. Teleprompter will pay the City a three-hundred- thousand-dollar advance franchise fee. The franchise payment is to be nonrefundable and carries no restrictions by Teleprompter.
C. A one-hundred-twenty-day extension of time to complete the system is hereby granted and the penalty provisions contained in the franchise will apply should the one-hundred-twenty-day extension not be met. The amended completion dates for the five specified areas are as follows:
Area | Time | Previous Schedule | Amended Schedule |
Area I | 6 months | February 8, 1981 | June 8, 1981 |
Area II | 8 months | April 8, 1981 | August 8, 1981 |
Area III | 10 months | June 8, 1981 | October 8, 1981 |
Area IV | 14 months | October 8, 1981 | January 8, 1982 |
Area V | 18 months | February 8, 1982 | February 8, 1982 |
(Ord. 2368 § 1, 1981).