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THIS CABLE FRANCHISE RENEWAL AGREEMENT (the "Franchise" or "Agreement") is entered into by and between the City of Portsmouth, Virginia, a duly organized city under the applicable laws of the Commonwealth of Virginia (the "LFA") and Verizon Virginia LLC, a limited liability company duly organized under the applicable laws of the Commonwealth of Virginia (the "Franchisee"). WHEREAS, the Franchisee is a "cable operator" in accordance with Title VI of the Communications Act (see 47 U.S.C. § 522(5)); WHEREAS, the LFA is a "franchising authority" in accordance with Title VI of the Communications Act (see 47 U.S.C. §522(10)) and is authorized to grant one or more nonexclusive cable franchises pursuant to the Code of Virginia, Va. Code Ann. § 15.2-2108; WHEREAS, the LFA granted to Franchisee effective July 22, 2008, a nonexclusive initial franchise to construct, install, maintain, extend, and operate a Cable System in the Franchise Area for a term of fifteen (15) years (the "Initial Franchise"); WHEREAS, the LFA intends to exercise the full scope of its municipal powers to the extent not prohibited by Virginia law, including both its police power and contracting authority, to promote the public interest and to protect the health, safety and welfare of the citizens of the City of Portsmouth, Virginia; WHEREAS, Franchisee installed a Fiber to the Premises Telecommunications Network ("FTTP Network") in the Franchise Area for the transmission of Non -Cable Services pursuant to authority granted by the Commonwealth of Virginia; WHEREAS, the FTTP Network occupies the Public Rights -of -Way within the LFA, and Franchisee used, pursuant to its Initial Franchise, and desires to continue using portions of the FTTP Network to operate a Cable System to provide Cable Services (as hereinafter defined) in the Franchise Area; WHEREAS, pursuant to and in accordance with applicable federal and state law, the LFA undertook a process to determine whether it should renew the Initial Franchise and the terms for such a renewal; WHEREAS, the LFA has identified the future cable -related needs and interests of the LFA and its community, has considered the financial, technical and legal qualifications of Franchisee, and has determined that Franchisee's Cable System is adequate, in a full public proceeding affording due process to all parties; WHEREAS, the LFA has found Franchisee to be financially, technically and legally qualified to operate the Cable System; WHEREAS, the LFA has determined that the grant of a nonexclusive franchise to Franchisee is consistent with the public interest; and