§ 6-28-24 — Renewal

Sec. 6-28-24. - Renewal.

A. At any time during the last year of a franchise, grantee may request the city to enter into negotiations toward renewing or extending the franchise. The exercise by grantee of this option shall not bind the city as to acceptance of any particular terms or renewal of the rights granted by the franchise. Any proposed renewal, extension or modification of the franchise is subject to the council's approval, modifications or rejection in its sole discretion. B. Upon expiration of the twentieth year of the franchise agreement, the city shall have the right, at its election, to: 1. Renew or extend the franchise for an additional period, as agreed by the city and grantee; 2. Invite additional franchise applications or proposals; or 3. Allow the franchise to terminate without further action. C. It is a condition to the grant of a franchise hereunder that the city shall have the right to exercise these options.

(Code 1985, § 10-160; Ord. No. 4398, § 25, 11-19-1996)