By execution of the license or franchise agreement, the licensee or franchisee agrees that failure to comply with the provisions of this chapter and the license or franchise agreement will result in damage to the city, and that it will be impracticable to determine the actual amount of such damage; and that, in addition to any other damages suffered by the city or remedies available to it, the licensee or franchisee will pay to the city the following amounts chargeable by the city to the security deposit established in section 7B-25 ("Security Deposit") of this chapter:
(1) For failure to timely file required plans, data or reports pursuant to this chapter and the license or franchise agreement, per day . . . . . $ 50.00
(2) For failure to comply with reasonable orders of the city, per day . . . . . 50.00
(3) For failure to complete construction or commence operations pursuant to this chapter and the license or franchise agreement, per day . . . . . 350.00
(4) For failure to provide the services proposed by the licensee or franchisee pursuant to the provisions of this chapter and incorporated into the license or franchise agreement, per day . . . . . 350.00
(5) For failure to timely pay the license or franchise fee or other moneys due the city pursuant to this chapter and the license or franchise agreement, per day . . . . . 250.00
(Ord. No. 8522, § 1, 6-12-95; Ord. No. 8545, § 13, 7-10-95)