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a. The Grantee must accept this Franchise within sixty (60) days of enactment <br />by the City, unless the time for acceptance is extended by the City. Acceptance by the <br />Grantee will be deemed the grant of this Franchise for all purposes. <br />b. Upon acceptance of this Franchise, the Grantee and City will be bound by all <br />the terms, conditions and obligations contained herein. <br />Section 8.3 Manner for Acceptance. <br />The Grantee must accept this Franchise in the following manner: <br />a. The Franchise must be fully executed and acknowledged by Grantee and <br />delivered to the City. <br />b. The Grantee must also deliver any construction bond and insurance <br />certificates required herein that have not previously been delivered, with its acceptance. <br />Section 8.4 Failure to Accept. <br />In the event the Grantee does not timely accept this Franchise in accordance with the <br />requirements herein, this Franchise and all rights granted herein are null and void. <br />M <br />Passed and adopted this 4th of February, 2019. <br />OF ELK RIVER <br />Tina Allard, City Clerk <br />ACCEPTED: This Franchise is accepted and we agree to be bound by its terms and <br />conditions. <br />CC VIII OPFRGa71NG LLC L/K/A CHAR7ER COMMUNI CA,TDONS <br />M <br />Its: <br />Date: <br />2019 <br />526220v5 RJV SH255-14 10 <br />