CONSENT AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

 G. Robert Lee,   County Administrator

 June 21, 2004

Staff Lead:

Department: 

 Catherine M. Heritage, Assistant County Administrator

County Administration

Topic: 

A Resolution to Authorize the County Administrator to Execute a Surety Bond Release to the Hanover Insurance Company

Topic Description:

On December 17, 2001, Fauquier County executed a Cable System Franchise Agreement with Adelphia Cable Communications.  Section 11.2 of the Agreement provides that Adelphia must deposit and maintain a cash surety bond in the amount of $100,000 as described in Section 6-16 of the Code of Fauquier County.  Adelphias current bond was issued by Hanover Insurance Company.  Adelphia wishes to replace the franchise bond currently on file with a bond issued by Travelers Casualty and Surety Company of America.  This resolution authorizes the County Administrator to execute a Surety Bond Release to the Hanover Insurance Company.

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis:

There are no financial impacts associated with this resolution.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Adelphia Cable Communications