The term of a franchise and all rights, privileges, obligations and restrictions pertaining thereto shall not be more than 15 years from the effective date of the franchise, as specifically set forth in the franchise agreement. The franchise may be terminated sooner pursuant to the provisions of this chapter or the franchise agreement. The village shall have the option to extend the franchise for an additional five-year period. The decision to extend the franchise under this section shall be made by resolution of the Village Council at least six months prior to the expiration of the initial franchise term and after a public hearing. Notice of the public hearing shall be given in accordance with the provisions of § 113.139. A copy of the Village Council resolution setting forth its decision shall be mailed to the franchisee no more than five days after its passage.
(Ord. passed - -)