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Ordinance No. 40-92-17 v DSD Mo-r 3S FtN4L Purr« t4& 4-Ec.b 5- a40-9A ORDINANCE NO. : 40-92-17 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF ATLANTIC BEACH, EXTENDING THE EXISTING FRANCHISE OF CONTINENTAL CABLEVISION THROUGH MAY, 2005, REDUCING THE BOND REQUIREMENTS, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Continental Cablevision of Jacksonville, Inc. , currently has a franchise to operate in the City of Atlantic Beach granted under prior ordinances, to wit: Ordinance 40-79-9, 40-80-10, 40-80-11, 40-82-12, 40-85-13, 40-87-15, and 40-89-16, and WHEREAS, Continental Cablevision of Jacksonville, Inc. , desires to extend its franchise in the City of Atlantic Beach through May, 2005, in order to make long range plans, financial commitments, and capital improvements to the facilities now or hereafter existing in the City. NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF ATLANTIC BEACH, FLORIDA: SECTION 1. The franchise now held by Continental Cablevision of Jacksonville, Inc. , to construct, operate, and maintain a cable television system in the City of Atlantic Beach, is hereby renewed and extended through May, 2005. SECTION 2. The performance bond required to be maintained by Continental Cablevision of Jacksonville, Inc. , shall be in an amount no less than $50, 000. 00. SECTION 3. All other terms and conditions of the existing franchise granted to Continental Cablevision of Jacksonville, Inc. , as set forth in the above-listed ordinances, shall remain in full force and effect. SECTION 4. This Ordinance shall take effect immediately upon its final passage and adoption. PASSED by the City Commission on first reading this 10th day____Y of February, 1992 . PASSED by the City Commission on second and final reading this day of February, 1992 . ATTEST: MAUREEN KING WILLIAM I. GULLIFORD, JR. City Clerk Mayor, Presiding Officer Approved as to form and correctness: K elif fLAN C. SEN, ESQUIRE City A •rney