§ 5-1-845. Assessment of monetary damages.

To the extent the Town chooses to assess damages pursuant to Subsection 5-1-810(c), the Town may assess against the Grantee monetary damages for material cable system upgrade delays of five hundred dollars ($500.00) per day. For all other Franchise violations, the Town may assess monetary damages of up to two hundred fifty dollars ($250.00) per day. To assess any amount of damages from the letter of credit, the Town shall follow the procedures for withdrawals from the letter of credit set forth in the letter of credit and in this Franchise. Such damages shall accrue beginning the day following the Grantee's receipt of notice required by Subsection 5-1-810(a) or at such later date if approved by the Town in its sole discretion, but may not be assessed until after the procedures in Section 5-1-810 have been completed. (Ord. 2-2002 §14.8)