§ 114.129 REMEDIES FOR DELAY IN CONSTRUCTION.

   (A)   The grantor may, at its sole option, apply any or all of the following remedies in connection with delays in system construction:

      (1)   Reduction in the duration of a franchise on a month-for-month basis for each month of delay exceeding three months;

      (2)   Forfeiture of bonds and/or assessment of monetary damages up to the maximum limit specified in a franchise agreement, levied against a security fund for delays exceeding six months; and

      (3)   Termination of a franchise awarded hereunder for delays exceeding 12 months.

   (B)   Any penalties applied shall be in accordance with the procedures contained in §§ 114.030 through 114.047.

(2011 Code, § 14.20.050)