If the City vacates a right-of-way wherein a franchisee’s equipment is located, the City may in its discretion reserve, to and for itself and all franchisees having equipment in the vacated right-of-way, the right to install, maintain, and operate any equipment in the vacated right-of-way and to enter upon such right-of-way at any time for the purpose of reconstructing, inspecting, maintaining or repairing the equipment. If the vacation requires the relocation of the equipment of a registrant or a permittee, costs of relocation are paid as follows:
1. If the vacation proceedings are initiated by that registrant or permittee, the registrant or permittee must pay the relocation costs; or
2. If the vacation proceedings are initiated by the City or by another governmental entity, the registrant or permittee must pay the relocation costs unless otherwise agreed to by the City or such other governmental entity.