The franchise granted hereunder shall remain in effect for a period of twenty-five (25) years consisting of an initial term of fifteen (15) years from the effective date of this Ordinance (the "Initial Term"), and for an additional ten (10) years after the expiration of the Initial Term, unless Grantor, through its Clerk, notifies Grantee in writing at least 180 days before the expiration of the Initial Term, that Grantor, for good cause relating to default of any material obligation hereunder, desires not to renew the franchise and specifies the reasons for non-renewal.
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Notes
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EDITOR’S NOTE: Ordinance No. 1567, adopting a natural gas franchise for the City, was passed and adopted on June 6, 2023. |