The City Council of Phoenix authorized a non-exclusive, revocable license agreement with BAM Broadband OPCO, LLC. This agreement permits BAM Broadband OPCO, LLC to construct, install, operate, maintain, and utilize public highways, rights-of-way, and public utility easements throughout the City of Phoenix for fiber optic facilities. The license is for a five-year term with an option for a one-time five-year renewal, and it includes provisions for insurance, indemnification, performance bonds, and security funds. The agreement also provides for compensation to the City for the commercial use of public rights-of-way, with fees based on the number of homes passed or a percentage of monthly gross revenues, subject to CPI increases. The licensee must sign the agreement within 60 days of Council action, or this authorization will expire. There is no direct financial impact to the City, as fees will be paid by the licensee.