(A) A franchise shall not be sold, assigned, or transferred, either in whole or in part, or leased, sublet, or mortgaged in any manner, nor shall title thereto, either legal or equitable or any right, interest, or property therein, pass to or vest in any person without the prior written consent of the Common Council. Such consent shall not be withheld unreasonably.
(B) The proposed assignee must show technical ability, financial capability, legal qualifications, and general character qualifications as determined by the Common Council and must agree to comply with all provisions of this chapter and the franchise agreement and such additional conditions as may be prescribed by the Common Council. The Common Council shall be deemed to have consented to a proposed transfer or assignment in the event that a denial of its consent is not communicated in writing to the grantee within 120 days following the city governments receipt of written notice of the proposed transfer or assignment and any other information required by FCC regulations.
(C) In no event shall a transfer of ownership or control be approved without successor in interest becoming a signatory to the franchise agreement.
(1980 Code, § 118.130) (Ord. 1996-4, passed 4-9-1996)