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HomeMy WebLinkAboutOrdinance No. 217 AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, AMENDING ORDINANCE NO. 123 BY AMENDING SECTION 10 (j) TO DELETE THEREFROM THE REQUIREMENT THAT THE COMPANY PROVIDE THE MUNICIPALITY WITH PROOF OF FCC PERFORMANCE COMPLIANCE AS A CONDITION TO THE RETURN OF ITS SECURITY DEPOSIT; PROVIDING FOR ACCEPTANCE BY FRANCHISEE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That Section 10 (j) of Ordinance No. 123 of the City of The Colony, Texas, be, and the same is hereby, amended by amending the last sentence thereof to read as follows: "...Upon completion of the System within the timetables set forth above, such Certificate of Deposit, along with all earnings thereon, shall be returned or refunded to the Company within thirty (30) days." SECTION 2. That this ordinance shall become effective when accepted by TV Cable of The Colony, Inc., in writing, and if not accepted in writing within thirty (30) days shall become null and void and of no force and effect. DULY PASSED by the City Council of the City of The Colony, Texas, on the ~J day of ~ , 1982. APPRO~ MAYOR / DULY RECORDED: ySECRETARY APPROVED AS TO FORM: CITY ATTORNEY ACCEPTED BY TV Cable of The Colony, Inc. on this the day of , 1982. TV CABLE OF THE COLONY, INC. By: Ben D. Campbell, President ATTEST: SECRETARY