(a) Chapter Not a Contract. This chapter shall not constitute a contract between a Grantee and the City. The City may amend any provision of this chapter and may adopt regulations consistent with this chapter. This includes, without limitation, the right to alter the insurance and security fund requirements herein, to account for inflation or changes in the risk to the City.
(b) Amendment of Franchises. A franchise agreement may authorize a Grantee to provide services in addition to those authorized by Section 856.03
, subject to appropriate additional conditions to protect the public interest. The City may amend any franchise agreement upon the application of a Grantee when necessary to enable the Grantee to take advantage of developments in the field of telecommunication that, in the opinion of the City, will afford the Grantee an opportunity to serve its customers more efficiently, effectively, and economically. Such amendments shall be subject to such conditions as the City determines are appropriate to protect the public interest.
(Ord. 52-96. Passed 7-8-96.)