Transfer of ownership.
Reno Administrative Code § 5.90.1090
in effectSec. 5.90.1090. - Transfer of ownership.
Any franchise awarded by the City shall be based upon an evaluation by the City of the technical, financial and legal qualifications of the Cable Operator, and other lawful criteria that may pertain to each particular assignee.
An assignment of the franchise shall be deemed to occur where there is an actual change in control or where ownership of 50 percent or more of the beneficial interests, singly or collectively, is obtained by any third party(ies); provided, however, that the Cable Operator shall have the right to assign the Franchise to a wholly owned Affiliate, upon 30 day's written notice to the City.
Every change, transfer or acquisition of control of the Cable Operator's company shall make the franchise subject to cancellation unless and until the City shall have consented thereto subject to federal law.
As part of the transfer application, the Cable Operator shall furnish to the City the following documents:
(1) A financial statement that verifies that assignee has the ability to comply with all terms and conditions in this article and the franchise agreement.
(2) A list of all cable systems owned and operated by assignee within the State of Nevada.
(3) If assignee is a corporation, a list of officers, directors and shareholders owning five percent or more of the outstanding stock. If assignee is a partnership, a listing and biographical statement of the partners.
(4) A summary of current litigation with any franchising authority located within the State of Nevada.
(5) Consistent with federal and state law, any other documents and information necessary by the City in order to render and informed transfer decision.
The City shall review and act on any and all requests for franchise transfer within 120 days after receipt of a transfer application as required by federal law and the franchise, unless the City and the Cable Operator mutually agree to an extension of this time in accordance with federal law.
Approval of any transfer or change in ownership shall not be unreasonably withheld. Any transfer or assignment approved by the City shall be evidenced by a written instrument, a duly executed copy of which shall be filed within 60 days after the approval of the transfer or assignment by the City. By said instrument the assignee shall agree to comply with all terms of this article and the franchise agreement. The City shall have the right to require that any conditions in the original franchise be fulfilled prior to such transfer.
(Ord. No. 5565, § 1, 4-21-04)
Source: City of Reno, Nevada, Administrative Code, City Charter and Annexation and Land Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/nv/reno/codes/administrative_code?nodeId=PT2READCO_TIT5PRLIPEFR_CH5.90FR_ARTIXMACATEOR_S5.90.1090TROWFetched: 11/1/2026