The grantee shall have the option to request the renewal of an existing franchise. Should the grantee desire to request renewal, it shall notify the city, in writing, not less than 24 months prior to the expiration of the franchise term. The city shall conduct a public hearing on the renewal after prior notice and with an opportunity for all interested parties to be heard. Should the city, for any reason, be unable to complete renewal proceedings prior to the expiration of such franchise, the grantee shall have the right to continue the operation of its CATV system until such time as the renewal proceedings are concluded.
('66 Code, § 5-5.27) (Ord. 590-C-S, passed 9-11-84)