(A) If a renewal or extension of a grantee’s franchise is denied or the franchise is lawfully terminated, and the franchising authority either lawfully acquires ownership of the cable system or by its actions lawfully effects a transfer or ownership of the cable system to another person, provisions set forth in § 627 of the Cable Act, being 47 U.S.C. §§ 521 et seq.
(B) In the case of a final determination of a lawful revocation of the franchise, at the grantee’s request, which shall be made in its sole discretion, the grantee shall be given a reasonable opportunity to effectuate a transfer of its system to a qualified third party. During a period of time the franchise authority shall authorize the grantee to continue to operate pursuant to the terms of its prior franchise. However, in no event shall the authorization exceed a period of time greater than six months from the effective date of the revocation. If, at the end of that time, the grantee is unsuccessful in procuring a qualified transferee or assignee of its system which is reasonably acceptable to the franchise authority, the grantee and the franchising authority may avail themselves of any rights they may have pursuant to federal or state law. The grantee may continue to operate of its system during the six-month period and it shall not be deemed to be a waiver or extinguishments of any right of either the franchising authority or the grantee.
(Ord. 2314, passed 1-25-2006)