Village of Larchmont AgendaPacket Village Board of Trustees Regular Meeting 2026-06-22
Larchmont Renews Verizon Cable Franchise for Five Years
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Description
The Village of Larchmont Board of Trustees approved renewal of its nonexclusive cable franchise agreement with Verizon New York Inc. for continued operation of a cable system in the Village. The renewed agreement provides a five‑year term beginning upon New York Public Service Commission approval and continues franchise fee payments and PEG channel support.
Contract Details
Vendor
VERIZON NEW YORK INC
Agency
Village of Larchmont, NY
Contract Type
UTILITIES
Document Date
June 22, 2026
Contract Term
5 years from NY PSC approval; prior franchise term was 15 years (expired December 12, 2023)
Renewal Info
Initial Verizon franchise effective December 13, 2007 for a 15‑year term expired December 12, 2023. The new renewal agreement provides a five‑year term from NY PSC approval, continuing a 5% franchise fee on gross cable revenues, PEG channel capacity, and a $52,000 PEG capital grant. Verizon retains a unilateral right to terminate the agreement on 12 months’ written notice.
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