§ 98.116  CHANGE OF OWNERSHIP OR OWNER’S IDENTITY OR LEGAL STATUS.
   (A)   Notification of change.
      (1)   A utility shall notify the city no less than 30 days prior to the transfer of ownership of any facility in the right-of-way or change in identity of the utility.
      (2)   The new owner of the utility or the facility shall have all the obligations and privileges enjoyed by the former owner under the permit, if any, and applicable laws, ordinances, rules and regulations, including this subchapter, with respect to the work and facilities in the right-of-way.
   (B)   Amended permit.
      (1)   A new owner shall request that any current permit be amended to show current ownership.
      (2)   If the new owner fails to have a new or amended permit issued in its name, the new owner shall be presumed to have accepted, and agreed to be bound by, the terms and conditions of the permit if the new owner uses the facility or allows it to remain on the city’s right-of-way.
   (C)   Insurance and bonding. All required insurance coverage or bonding must be changed to reflect the name of the new owner upon transfer.
(Prior Code, § 37-101)  (Ord. 07-37, passed 10-15-2007)