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GiG <br />these violations are established at either $100 per calendar day, per violation or $500 per calendar day, <br />• per violation. The franchise agreement allows the County, by resolution, to unilaterally adjust the <br />liquidated damage amounts "to take into account increases in the consumer price index." The <br />liquidated damage amounts have not been adjusted during the term of the franchise. According to Mr. <br />Talbert the United States Department of Labor, Bureau of Labor Statistics, has determined that in 1998, <br />the date of the agreement, $100 had the same buying power as $133.78 does in 2010. The Board was <br />asked to increase each $100 per day liquidated damage amount to $133.00 per day, per violation and <br />$500 per day liquidated damage amount to $668.00 per day. After discussion, Commissioner Paschal <br />moved to approve a Resolution Adjusting Liquidated Damage Amounts in Cable ITelevision Franchise <br />Agreement with Charter Communications, a copy of which is attached to theseIIminutes and by this <br />reference made a part hereof. Upon a vote, the results were as follows: ,,11 IIIII,. <br />Aye: Hayes, Oldham, Parks, Paschal, Reives, Shook, and <br />Nay: None <br />d dllll,, <br />The Chairman ruled the motion had been adopted unanimously., <br />With no further business to come before the Board, C6' i;`M­issionet'Reives moved to adjourn the <br />meeting. Upon a vote, the results were as follows: <br />Aye: Hayes, Oldham, Parks, Paschal, Reives, Shook;lajjd <br />Nay: None �I�I <br />iI1111Iu� . , <br />The Chairman ruled the motion had been adopted unanimously and the meeting adjourned at <br />9:47 a.m. III ��' <br />• <br />Linda KI Shbok, Chairman <br />Ir <br />Lee County Board of Commissioners <br />ATTEST: <br />Gaynell M. Lee, Clerk <br />11 11 1 i IiIII11III I� }III�I� <br />Iq } � 1 ,i <br />}f <br />L� <br />