(A) Any franchise issued to a grantee is conditioned upon the grantee accepting and promising to abide by the provisions contained herein. Such acceptance and promise shall consist of a written agreement, duly executed and acknowledged by or on behalf of the grantee, entered into with the village, on terms in substantial uniformity with those contained herein, and filed with the Clerk of the Council within 20 days after passage. The Director of Administration is hereby authorized to execute said agreement on behalf of the village.
(B) The above-required agreement shall be accompanied by a certified or cashier’s check, approved by the village, on the amount of $5,000 made payable to the village, as an acceptance fee. All checks received shall be deposited in an account of the village and shall serve to recover expenses incurred by the village in the granting of this franchise. Said expenses shall include, but not be limited to, consultants, expenses and the reasonable value of services performed by the village’s employees, agents or contractors. Any funds remaining at the end of the franchise period after all expenses have been paid shall be refunded to the grantee. The village does not guarantee any amounts.
(C) The grantee will not be required to provide the above fee for any renewals.
(D) If one or both of the aforementioned requirements is not complied with as specified herein, the franchise shall not take effect and shall be void.
(Ord. 28-1986, passed 11-17-1986)