The Phoenix City Council authorized the City Manager to execute a non-exclusive, revocable license agreement with PRIME Fiber. This agreement permits PRIME Fiber to construct, install, operate, maintain, and use public highways and utility easements across the City of Phoenix to provide fiber optic facilities. The license is for an initial term of five years, with an option for a one-time five-year renewal. It includes provisions for insurance, indemnification, a performance bond, and a security fund, and outlines terms for transfer and revocation. The agreement also establishes compensation for the commercial use of public rights-of-way, with annual fees based on a formula tied to the number of homes passed or a percentage of monthly gross revenues, subject to CPI increases. There is no direct financial impact to the City of Phoenix.