A. No franchise granted by the council under this chapter shall be for a term longer than fifteen years following the date of acceptance of such franchise by the grantee or the renewal thereof.
B. Any such franchise granted hereunder may be terminated prior to its date of expiration by the council, in the event that the council shall have found, after thirty days' written notice of any proposed termination and public hearing, that:
1. The grantee has failed to comply with any material provision of this chapter, or has, by act or omission, violated any material term or condition of any franchise or permit issued hereunder; or
2. Any provisions of this chapter have become invalid or unenforceable and the council further finds that such provisions constitute a consideration material to the grant of the franchise and the parties are unable to negotiate appropriate modifications to the franchise within a reasonable time following the invalidity or unenforceability of the provisions; or
3. The city acquires the CATV system property of the grantee.
(Ord.505 § 1(part), 1987).