HomeMy WebLinkAboutResolution - 2000-110 - Authorizing Reduction in Time Warner System Upgrade Performance Bond from $300,000 to $100,000 - 07/18/2000 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MIINNESOTA
RESOLUTION NO. 2000-110
A RESOLUTION AUTHORIZING REDUCTION IN TIME WARNER SYSTEM
UPGRADE PERFORMANCE BOND FROM$300,000 TO $100,000
WHEREAS,the City of Eden Prairie is a member of the Southwest Suburban Cable
Commission(SWSCC); and
WHEREAS,the SWSCC cable franchise ordinance approved by all member cities
including Eden Prairie 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 completed 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 Eden
Prairie hereby authorizes the reduction of the Time Warner system upgrade performance
bond from$300,000 to $100,000.
ADOPTED by the Eden Prairie City Council on June 20,2000.
L. Harris,Mayor
SEAL
ATTEST:
X&WZ1'x j i&
Ka een A.Porta, City Clerk