Title
Ordinance Authorizing the First Renewal to the Telecommunications 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 Virginia Public Service Corporation, (hereinafter referred to as the “Original Grantee”) that certain Telecommunications 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 occupy and use the streets to install, construct, maintain, upgrade, repair and remove equipment of its telecommunications system. 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 telecommunications system 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 fifteen (15) years after the Original Effective Date on July 16, 2023 (the “Expiration Date”), unless the Franchise is renewed. The Franchise terms provided that if the Grantee is not then in default under the terms of the Franchise, the Grantee shall have the option, subject to City Council approval and without unreasonable delay, to renew this Franchise for three (3) consecutive renewal terms of five (5) years ea...
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