Upon failure of the franchisee to complete any work required by the provisions of the ordinance codified in this title or the franchisee’s franchise agreement, including, without limitation, applicable ordinances, codes and regulations of the city, to be done in any street or other city location to the satisfaction of the city within ten (10) days following receipt of written notice from the city specifying such failure, or within such longer period of time as is reasonably determined by the city, the city may, at its option, cause such work to be done and a franchisee shall pay to the city the cost thereof in the itemized amounts reported by the cable administrator to the franchisee within ten (10) days after receipt of such itemized report. At city’s option, city may demand of franchisee the estimated cost of such work, and such shall be paid by franchisee to city within ten (10) days of such demand; upon award of any contract or contracts for such work, franchisee shall pay to city within ten (10) days of demand any additional amount necessary to provide for the cost of such work. Upon completion of such work, franchisee shall pay to city or city shall refund to franchisee such sums so that the total received and retained by city shall equal the cost of such work. “Cost” as used herein shall include a reasonable charge for city’s overhead. Where the franchisee fails to pay in accordance with the demand of the city, then the city may proceed against the franchisee’s “letter of credit” or other surety. (Ord. 205 § 3, 2001)