Each right-of-way agreement granted under this chapter is subject to the city’s right, which is expressly reserved, to annually fix a fair and reasonable compensation to be paid by the licensee for the property rights granted in the right-of-way agreement, provided that nothing in this chapter shall prohibit the city and licensee from agreeing and fixing in the right-of-way agreement the compensation to be paid for privileges granted therein. This section shall not apply to right-of-way agreements approved and executed for right-of-way uses governed by Chapters 5.12 and 5.20 of the code, the Broughton Act (Cal. Pub. Util. Code §§ 6001 et seq.), the Franchise Act of 1937 (Cal. Pub. Util. Code §§ 6201 et seq.) and Cal. Pub. Util. Code § 7901 or § 10101.
(`78 Code, § 12.32.110.) (Ord. 2458 § 2, 2000; Ord. 2418 § 1, 1999.)