The bond shall provide but not be limited to the following conditions: there shall be recoverable by the city, jointly and severally from the principal and surety, any and all damages, loss or costs suffered by the city resulting from the failure of the franchisee to satisfactorily complete and fully construct and/or reconstruct and activate the cable system throughout the franchise area with respect to such major construction, upgrade or rebuild pursuant to the terms and conditions of the franchise agreement. (Ord. 205 § 3, 2001)