Each franchisee shall file with its application for:
A.
An initial franchise, and at all times thereafter until the filing of a final notice of completion pursuant to Section 6.60.260 A of this chapter, maintain in full force and effect, an acceptable corporate surety bond issued by a surety licensed therefor by the state in an amount equal to the greater of: (a) the franchisee's estimate of the total cost of construction of the CATV system within the franchise area; or (b) the sum of (i) the product of the number of miles of aerial plant (to the nearest one tenth of a mile) in the franchise area and eighteen thousand dollars and (ii) the product of the number of miles of underground plan (to the nearest one tenth of a mile) in the franchise area and thirty-two thousand dollars, and conditioned that in the event the franchisee shall fail to comply with any one or more of the provisions of the franchise documents, whether or not the franchise is terminated, then there shall be recoverable jointly and severally from the principal and surety of such bond, any damages suffered by the county as a result thereof, including but not limited to, the full amount of any liquidated damages, delinquent franchise fees, compensation and cost of repairing or completing the cable television system, and compensation, and cost of removal or abandonment of property and repair of streets and other public or private improvements, up to the full amount of the bond; said condition to be a continuing obligation for the duration of the franchise and thereafter until the franchisee has satisfied all of its obligations which may have arisen from the acceptance of the franchise or from its exercise of any privileges thereunder. Upon the issuance of a final order of completion pursuant to Section 6.60.260 A of this chapter, the amount of the aforesaid corporate surety bond issued by a California-admitted surety shall be an amount equal to six dollars for each subscriber located within the franchise area upon the date of the notice of final completion and maintained at such amount at all times thereafter during the operation of the CATV system;
B.
A franchise renewal. Applicant shall file with its application a corporate surety bond issued by a California-admitted surety equal to six dollars for each subscriber located within the franchise area at the time of application. Neither the provisions of this section, any bond accepted pursuant thereto, nor any damages recovered thereunder shall be construed to excuse faithful performance by the franchisee or to limit the liability of the franchisee under the franchise or for damages, either to the full amount of the bond or otherwise. The bond shall contain a provision which prohibits cancellation by the surety during the term of the franchise, whether for failure to pay a premium or otherwise, without thirty calendar days' advance written notice mailed by the surety to the clerk of the board of supervisors. The form of the bond and surety shall be subject to the approval by the county.
(Ord. CS 442 §1, 1991)