1149.24 ASSIGNMENT OR TRANSFER OF OWNERSHIP; RENEWAL.
(a) A Right-Of-Way Occupancy Permit shall not be assigned or transferred, either in whole or in part, other than to an Affiliate, without the prior written consent of the City, which consent shall not be unreasonably withheld. Any assignment or transfer of Right-Of-Way Occupancy Permit, including an assignment or transfer by means of a fundamental corporate change, requires the written approval of the City. For purposes of this section, fundamental corporate change means the sale or transfer of a controlling interest in the stock of a corporation or the sale or transfer of all or a majority of a corporation's assets, merger (including a parent and its subsidiary corporation), consolidation or creation of a subsidiary corporation. For the purposes of this section, fundamental partnership change means the sale or transfer of all or a majority of a partnership's assets, change of a general partner in a limited partnership, change from a limited to a general partnership, incorporation of a partnership, or change in the control of a partnership.
(b) The parties to the assignment or transfer of Right-Of-Way Occupancy Permit shall make a written request to the City for its consent in the form of the Right-Of-Way Occupancy Permit Application. The City shall reply in writing within sixty (60) days of actual receipt of the request and shall indicate its approval of the request or its determination that a public hearing is necessary. City may conduct a public hearing on the request within thirty (30) days of such determination if it determines that a sale or transfer of the Right-Of-Way Occupancy Permit adversely affects the City.
(c) Notice of a hearing shall be given fourteen (14) days prior to the hearing by publishing notice thereof once in a newspaper of general circulation in the City. The notice shall contain the date, time and place of the hearing and shall briefly state the substance of the action to be considered by City.
(d) The City will review the qualifications (including, but not limited to legal, technical and financial where appropriate) of the proposed assignee or transferee and terms of the existing Right-Of-Way Occupancy Permit. City will make its decision in writing setting forth any conditions for assignment or transfer. Within one hundred and twenty (120) days of actual receipt of the request for assignment or transfer, the City shall approve or deny such assignment or transfer request in writing.
(e) In no event shall a transfer or assignment of ownership or control be ultimately acceptable to the City without transferee or assignee requesting and being issued a replacement Right-Of-Way Occupancy Permit within ninety (90) days of transfer or assignment.
(f) Notwithstanding anything to the contrary, no such consent or approval shall be required for a transfer or assignment to any Person controlling, controlled by or under the same common control of the original holder of the Right-Of-Way Occupancy Permit.
(Ord. 11-22. Passed 2-7-22.)