Title
Ordinance Authorizing the First Amendment to the Cable Franchise Agreement Between the City of Hampton, Virginia and Verizon Virginia LLC, the Successor to Verizon Virginia Inc.
Purpose
PURPOSE/BACKGROUND:
The City of Hampton (the “City”) granted to Verizon Virginia Inc., a corporation duly organized under the applicable laws of the Commonwealth of Virginia, (hereinafter referred to as the “Original Grantee”) that certain Franchise Agreement (the “Agreement” or the “Franchise”) entered into by and between the parties that was effective as of July 16, 2008, subject to the terms and conditions of that certain Ordinance adopted by the City Council at the regular meeting held on July 16, 2008 (“Original Effective Date”), to construct, install, maintain, extend and operate a cable system within the designated franchise area, in order to provide cable service. In accordance with §15.2-2100 of the Code of Virginia, as amended, proper notice was given in this matter by the City of an invitation to bid on a franchise to provide a cable service in the City, and a public hearing was duly held at the aforesaid City Council meeting on July 16, 2008. On or about December 31, 2011, the Original Grantee through its application to the Commonwealth of Virginia State Corporation Commission did convert its entity, Verizon Virginia Inc., to a Virginia limited liability company organized under the new name of Verizon Virginia LLC (“Verizon” or the “Grantee”). The Franchise commenced on the Original Effective Date, and expires on July 16, 2023, unless the Franchise is renewed, amended or extended in accordance with the terms and conditions stated therein. By letter dated December 10, 2020, the Grantee sent the City a notice pursuant to Section 626 of the Communications Act of its intent to renew Franchise, and thereafter, the Grantee requested that the Franchise be amended and extended under its same terms and conditions for a period of three (3)...
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