(A) No franchise granted under this chapter shall become effective for any purpose unless and until written acceptance thereof by the named grantee shall have been filed with the City Clerk. The written acceptance, in the form as approved by the City Attorney, shall be and operate as an acceptance of each and every term and condition and limitation contained in this subchapter and in the franchise.
(B) The written acceptance shall be filed by the proposed grantee not later than 12:01 p.m. of the 25th calendar day following the effective date of adoption of the ordinance constituting the franchise.
(C) In default of the filing of the written acceptance as herein required, the prospective grantee shall be deemed to have rejected and repudiated the franchise as offered. Thereafter, the acceptance of the grantee shall not be received nor filed by the City Clerk. The grantee shall have no rights, remedies, or redress under that franchise unless and until the Council, by resolution, shall determine that the failure to timely file the acceptance was excusable, shall order that the acceptance be received or filed, upon such terms and conditions as the Council may impose.
('83 Code, § 5.24.090) (Ord. 912, passed - -85)