00-8885r
34
RESOLUTION NO. 8885
RESOLUTION AUTHORIZING REDUCTION IN TIME WARNER SYSTEM UPGRADE
PERFORMANCE BOND FROM $300,000 TO $100,000
WHEREAS, the City of Richfield is a member of the Southwest Suburban Cable
Commission (SWSCC); and
WHEREAS, the SWSCC cable franchise ordinance approved by all member
cities including Richfield includes a requirement that Time Warner provide a $300,000
performance bond through the completion of the system upgrade; and
WHEREAS, each member City has the sole discretion and authority to reduce
the performance bond amount to $100,000 upon the completion of the system upgrade;
and
WHEREAS, Time Warner has informed the SWSCC that the system upgrade
has been completed; and
WHEREAS, the SWSCC believes the upgrade is complete based upon
representations made by Time Warner and has asked each member City to review this
matter.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Richfield hereby authorizes the reduction of the Time Warner system upgrade
performance bond from $300,000 to $100,000.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
June, 2000.
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ATTEST:
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Thomas P. Ferber, City Clerk ~