A nonexclusive franchise to construct, operate and maintain a CATV system within all of the city, in accordance with this chapter, is transferred from Theta Cable of California, Inc., to Teleprompter Corporation pursuant to its offer to furnish and provide such system under and pursuant to Teleprompter's proposal dated June 23, 1980, on file in the office of the City Clerk, hereby adopted by the City Council of the City. (Ord. 2326 § 1 (part), 1980).