Ownership or control of a telecommunications system license or franchise may not, directly or indirectly, be transferred, assigned or disposed of by sale, lease, merger, consolidation or other act of the grantee, by operation of law or otherwise, without the prior written consent of the village, which consent shall not be unreasonably withheld or delayed, as expressed by ordinance and then only on reasonable conditions as may be prescribed therein.
(A) No grant shall be assigned or transferred in any manner within 12 months after the initial grant of the license or franchise unless otherwise provided in a license or franchise agreement.
(B) Absent extraordinary and unforeseeable circumstances, no grant, system or integral part of a system shall be assigned or transferred before construction of the telecommunications system has been completed.
(C) Grantee and the proposed assignee or transferee of the grant or system shall provide and certify the following information to the village not less than 150 days prior to the proposed date of transfer:
(1) Complete information setting forth the nature, terms and conditions of the proposed transfer or assignment;
(3) Any other information reasonably required by the village.
(D) No transfer shall be approved unless the assignee or transferee has the legal, technical, financial and other requisite qualifications to own, hold and operate the telecommunications system pursuant to this chapter.
(E) The grantee shall reimburse the village for all direct and indirect fees, costs and expenses reasonably incurred by the village in considering a request to transfer or assign a telecommunications license or franchise.
(F) Any transfer or assignment of a telecommunications grant, system or integral part of a system without prior approval of the village under this section or pursuant to a license or franchise agreement shall be void and is cause for revocation of the grant.
(1981 Code, § 18.7.22)