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ORDINANCE NO. 2024-03 <br />AN ORDINANCE AUTHORIZING EXTENSION OF THE CITY'S CABLE FRANCHISE <br />AGREEMENTS WITH COX AND VERIZON THROUGH DECEMBER 10, 2024. <br />WHEREAS, pursuant to Ordinance 2008-82 adopted on December 9, 2008, the City of <br />Portsmouth entered into a Cable Franchise Agreement (the "Cox Agreement") with Cox <br />Communications Hampton Roads, L.L.C. (including its successors in interest to the Agreement, <br />"Cox"); and <br />WHEREAS, pursuant to Ordinance 2009-02 adopted on January 13, 2009, the City of <br />Portsmouth entered into a Cable Franchise Agreement (the "Verizon Agreement") with Verizon <br />Virginia, Inc. (including its successors in interest to the Agreement, "Verizon"); and <br />WHEREAS, each of the Cox and Verizon Agreements has a fifteen year term; and <br />WHEREAS, to provide time to negotiate a renewal of the Cox Agreement, Cox has <br />proposed extending the term of the Cox Agreement through December 10, 2024; and <br />WHEREAS, to provide time to negotiate a renewal of the Verizon Agreement, Verizon <br />has proposed extending the term of the Verizon Agreement through December 10, 2024; <br />NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Portsmouth, <br />Virginia: <br />1. That City Council hereby extends the cable franchise granted to Cox to construct, <br />operate, and maintain a cable system in the City of Portsmouth pursuant to the terms outlined in <br />the Cox Agreement and Ordinance 2008-82 through December 10, 2024. <br />2. That City Council hereby extends the cable franchise granted to Verizon to <br />construct, operate, and maintain a cable system in the City of Portsmouth pursuant to the terms <br />outlined in the Verizon Agreement and ordinance 2009-02 through December 10, 2024. <br />3. That the City Manager is authorized to execute extensions of the Cox Agreement <br />and the Verizon Agreement in accordance with the terms of this Ordinance. <br />4. That this ordinance shall take effect on the date of adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on <br />January 23, 2024. <br />Teste: <br />City Clerk <br />