(A) The easement granted the company herein shall terminate 20 years from November 3, 1980. However, the easement may be renewed for successive 20-year terms if the city shall determine, after a public hearing as provided herein, that the renewal would be in the best interests of the city and its residents. It shall be the company's obligation to apply for renewal for the easement. Failure to apply shall result in an automatic termination of the easement.
(B) No less than 45 days prior to the termination date of any term, the company shall give written notice to the city of the termination date, which written notice shall request a date, time, and place for a public hearing on the renewal of the easement desired by the company. Notice of the date, time, and place of the hearing and the purposes thereof shall also be published in a newspaper of general circulation in the city not less than once per week for two successive weeks. The last publication date shall not be less than ten days prior to the date of the hearing. The company, as well as all members of the public interested in the renewal of the easement or the modification of its terms shall be heard, and the city shall then have the right to renew or not renew the easement or to modify the terms thereof. For the purposes of this division only any and all actions required hereunder shall be conducted by the Board of Works. On the conclusion of the hearing, the Board of Works shall make a recommendation to Council. Council shall then act on the recommendation as it sees fit.
(Ord. 919, passed 8-20-79; Am. Ord. 981, passed 11-17-80)