(a) In addition to all of the rights and powers reserved or pertaining to the City, the City reserves as an additional and as a separate and distinct power the right to terminate the franchise and all rights and privileges of a grantee hereunder in any of the following events or for any of the following reasons:
(1) A grantee, by act or omission, violates any term or condition of this chapter and within thirty days following written demand by the City to effect such compliance, fails to do so.
(2) Any provision of this chapter is finally adjudged invalid or unenforceable by a court of law and Council further finds that such provision constitutes, at that time, a consideration material to the continuance of the franchise herein granted.
(3) A grantee becomes insolvent, unable or unwilling to pay his debts and is adjudged a bankrupt, or all or part of the grantee's facilities are sold under an instrument to secure a debt and are not redeemable by the grantee within thirty days from such sale.
(4) A grantee attempts or practices any fraud or deceit in his conduct or relation under the franchise with the City or subscribers, or potential subscribers.
(b) No revocations shall be effected unless or until Council has adopted an ordinance setting forth the causes and reasons for the revocation and the effective date thereof. Such ordinance shall not be adopted within thirty days notice prior thereof to a grantee and an opportunity for a grantee to be heard upon the proposed action of the proposed ordinance. In the event the revocation and ordinance depends upon a finding of fact, such finding of fact as made by Council, after the hearing provided for, shall be conclusive.
(Ord. 5757-1980. Passed 5-13-80.)