Ownership or control of a majority interest in a telecommunications system or franchise may not, directly or indirectly, be transferred, assigned or disposed of by sale, lease, merger, consolidation or other act of the grantee, by operation of law or otherwise, without the prior consent of the city, which consent shall not be unreasonably withheld or delayed, and then only on such reasonable conditions as may be prescribed in such consent.
(A) Grantee and the proposed assignee or transferee of the franchise or system shall agree, in writing, to assume and abide by all of the provisions of the franchise.
(B) No transfer shall be approved unless the assignee or transferee has the legal, technical, financial and other requisite qualifications of own, hold and operate the telecommunications system pursuant to this chapter.
(C) Unless otherwise provided in a franchise agreement, the grantee shall reimburse the city for all direct and indirect fees, costs, and expenses reasonably incurred by the city in considering a request to transfer or assign a telecommunications franchise.
(D) Any transfer or assignment of a telecommunication franchise, system or integral part of a system without prior approval of the city under this chapter or pursuant to a franchise agreement shall be void and is cause for revocation of the franchise.
(Ord. 2007-06-01, passed 6-12-2007) Penalty, see § 112.999