RESOLUTION

 

A RESOLUTION TO AUTHORIZE THE COUNTY ADMINISTRATOR

TO EXECUTE A SURETY BOND RELEASE TO THE HANOVER INSURANCE COMPANY

 

            WHEREAS, on December 17, 2001, the Fauquier County Board of Supervisors executed a Cable System Franchise Agreement with Adelphia Cables Communications; and

 

            WHEREAS, Section 11.2 of this Agreement provides that Adelphia Cable Communications shall deposit and maintain with the County a Cash Surety Bond as described in Section 6-16 of  the Code of Fauquier County; and

 

            WHEREAS,  Adelphia Cable Communications wishes to replace and exonerate the Hanover Insurance Company bond currently on file and replace it with a $100,000 cable franchise bond issued by Travelers Casualty and Surety Company of America; and

 

            WHEREAS, the County Attorney has reviewed this proposed transaction and finds it in accordance with the Cable System Franchise Agreement and the Code of Fauquier County; now, therefore, be it

 

            RESOLVED by the Fauquier County Board of Supervisors this 21st day of June 2004, That the County Administrator be, and is hereby, authorized to execute a Surety Bond Release to the Hanover Insurance Company.