New York Terms Of Agreements; Enforcement.
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§ 365. Terms of agreements; enforcement. a. Every agreement
memorializing the terms and conditions of a franchise, revocable consent
or concession shall contain adequate provisions by way of forfeiture or
otherwise (1) to secure efficiency of public service at reasonable
rates, if a public service is to be provided, (2) to assure the
maintenance of the property of the city in good condition throughout the
term of the agreement, and (3) to provide for adequate compensation to
the city.
b. Every agreement memorializing the terms and conditions of a
franchise, revocable consent or concession shall contain an agreement by
the grantee that it will (1) permit the placement or display of the pub-
lic health messages required by section 17-621 of the code, on any
property subject to such franchise, revocable consent or concession, or
any facility, plant, equipment or other property used in connection with
such franchise, revocable consent or concession; and (2) bear any costs
associated with the posting of such public health messages and any costs
in terms of foregone advertising revenues associated with the placement
or display of such public health messages.
c. The responsible agency shall also monitor the performance of the
grantee and enforce the terms and conditions of any franchise, revocable
consent or concession under its jurisdiction.