Any transactions which singularly or collectively result in a change of 10% or more of the ownership or working control of the franchisee, of the ownership or working control of a telecommunications franchise, of the ownership or working control of affiliated entities having ownership or working control of the franchisee or of a telecommunications system or of control of the capacity or band width of franchisee’s telecommunication system, facilities or substantial parts thereof shall be considered an assignment or transfer requiring Town approval pursuant to § 117.082.
(`83 Code, § 13-754) (Ord. 00-20, passed 9-11-00)