(A) (1) Within 150 days, or as extended by the corporate authorities, after receiving a complete application hereunder, the corporate authorities shall make a determination granting or denying the renewal application in whole or in part.
(2) If the renewal application is denied, the determination shall include the reasons for non- renewal.
(B) The following standards shall apply, when determining to grant or deny the application:
(1) The financial and technical ability of the applicant;
(2) The legal ability of the applicant;
(3) The continuing capacity of the public ways to accommodate the applicant’s existing facilities; and
(4) The applicant’s compliance with the requirements of this chapter and the franchise agreement.
(1981 Code, § 18.4.16)