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<br />>. <br /> <br />Thousand ($250,000.00) in the sole discretion of City) in such form and with such <br />sureties as shall be acceptable to City, conditioned upon the faithful performance <br />by Grantee of this Franchise and the acceptance hereof given by Grantee and upon <br />the further condition that in the event Grantee shall fail to comply with any law, <br />ordinance or regulation, there shall be recoverable jointly and severally from the <br />principal and surety of the bond, any damages or losses suffered by City as a result, <br />including the full amount of any compensation, indemnification or cost of removal <br />of any property of Grantee, including a reasonable allowance for attorneys' fees <br />and costs (with interest at two percent (296) in excess of the then Prime Rate), up <br />to the full amount of the bond, and which bond shall further guarantee payment by <br />Grantee of all claims and liens against City or any public property, and taxes due <br />to City, which arise by reason of the construction, operation, maintenance or use <br />of the System. <br /> <br />SECTION 14. ARTICLE IX. SECTION 1.B.2(2)(d) is amended as follows: <br /> <br />Ed)- If Board appro....es of the action of City, the Franchisc shall terminate <br />immediately. If Board disapproves of the action of City, the <br />Franchise shall remain in f"tlll foree and effect for thc ftlll term <br />hercof tlnless sooner terminated in accordaRce ."ith the provisiofls <br />hereof, or applicablc law or niles of Board. <br /> <br />SECTION 15. ARTICLE XIV. SECTION 2.C is amended as follows: <br /> <br />C. The Offering shall be permanently kept and filed in the Office of the City Clerk <br />and the originals or reproductions thereof shall be available for inspection by the <br />public during normal business hours. Also, the Crantee may summarize the <br />Offerh\g iR a maRner aeeeptabh: to City or reprodtlce the entire Offering, and shall <br />ha-;e either at th~ following locations in the following quantities: <br /> <br />at Office of the City Clerk 1 copy; <br />00 Administrator desigRated in this Franchise 1 copy; <br />(3) l'ttblic libraries 1 copy each; <br />f4t Office of the City Attorney 1 copy; <br />(-5) Ramsey altd Hennepin County Law Libraries 1 copy eaCH; <br />~ Local office of Grantee 1 copy; <br /> <br />fit Office of any School District in Oity 1 catly; <br />fa) MirlRcsata Cable Cam mtlRicatiolts Board. <br /> <br />7 <br />