All grants, renewals of franchises or permits to construct or operate any public utilities on, under or above the streets of the City shall in all respects be governed by ordinance or federal and/or State law. Subject to the rights of property holders under the Constitution of Ohio, Council at all times may direct the distribution of space in, over, under or across all streets or public grounds occupied by public utility fixtures. Council shall have the continuing right to pass reasonable regulations for the operation of City utilities including the right to require construction, relocation, or discontinuance of appliances used by the utilities in the streets or public grounds.