1934 ORDINANCES - Laserfiche WebLink

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124 The terms of said franchise which have been approved by the Mayor and Council shall conform to and consist of the following minimum requirements, conditions and agreements: (1) The route shall be the same as that now used by the Street Cars, except that the route on Rugby Road, from the present Street Car terminal, shall be extended along Rugby Road to GoBdon Avenue, thence East along Gordon Avenue to 16th Street, thence North along 16th Street to Grady Avenue, thence West along Grady Avenue to Rugby Road, thence South along Rugby road to Gordon Avenue, the same being indicated by blue line on the attached map of the City of Charlottesville. (2) The schedule to be maintained shall consist of not less than the following service: (a) A 20 minute all day, and 40 minute late evening service between Frys Spring and C & U Railway Station, requiring the use of two busses; ' (b) A 20 minute all day, and 40 minute late evening service between the corner of Grady Avenue and Rugby road and the C & 0 Railway Station, requiring the use of one bus; (c) The two above mentioned services are to be staggered so as to provide a 10 minute per day and 20 minute late evening head -way between the business section and the University. (3) Each applicant for the franchise shall deposit a certified check in the amount of $1000.00, as evidence of sinoereity, and as partial evidence of ability to inaugurate the operation of the I service, and the deposit of the successful applicant shall be retained by the City as liquidated damages in the event service is not started as agreed. (4) Conclusive evidence will be required of each applicants ability to command at least $15,000.00 in cash. (5) The franchise shall be greated for a period of not less than five nor more than 20 years; (6) There shall be an initial five (5¢) cent fare and no fare change shall be ma de except by the mutual agreement of the City and the operator. (7) The equipment to be used shall consist of not less than four modern busses, built by one of the standard and recognized manufacturers of motor busses. (8) The Operating Company shall carry public liability insurance in the amount of $5000.00 for any one person and $15,000.00 for any one accident, and $1,000.00 property damage insurance, whi'bh policies shall be approved by the City Manager and certified copies of same shall at all times be deposited with this official. (9) The City shall have the option to revoke and terminate the franchise for any wilful violation of its terms, the use of obsolete, unsafe or unsanitary equipment, failure to provide efficient publio service at reasonable rates, failure to maintain its property in good order throughout the term of the grant, and for other reasonable cause; and upon such termination the property of the grantee shall there- upon be and become the property of the City, with a anpensation to the grantee, the same to be the sound value of said propertti- at the time of forfieture and in the vent of disagreement between the City and grantee ad to "sound value" the same shall be determined and fixed by arbitration which shall be final and no appeals shall be taken therefrom. (10) The City shall have the right to recapture and purchase the operation, together with the equipment used in connection therewith, if,in the opinion of the City, it be deemed possible that municipal ownership and/or operation be desirable, the purchase price to be determined in accordance with the method of valuation provided for in item (9) above. (11) Upon the petition of at least 50' of the residents adjacent to the proposed route, the City shall have the right to require the Bus Co-n.ipany to establish extensions and additional routes, provided however, that such added service need not be continued more than 20 days, unless it is fully self supporting. (12) The compensation to be paid the City by the Bus Company for the franchise, shall be based upon the percentage of the gross revenue received bythe Bus Compary. This ordinance shall be published once a week for four successive weeks in the Daily Progress. The costs of publishing same shall be paid the City by the person or corporation toahom the grant is finally made. The City reserves the right to reject any and all bids. Adopted by the Council, October 5, 1934. Ayes: Mr. Fife, Dr. Haden, Mr. Huff, Mr. Jessup, and Mr. Twyman. Noes: None* / re�ao 1