After a franchise ordinance is adopted and all publication and other legal requirements for it to become effective are satisfied, a certified copy of the ordinance shall be delivered or mailed to the approved grantee together with a written acceptance for the approved grantee to sign under oath, confirming its acknowledgment, agreement and acceptance of the franchise and all of its terms and conditions. If the required signed and notarized acceptance is not delivered to the Clerk within 30 days of the delivery or mailing of the franchise ordinance and agreement to grantee, the effectiveness of the
ordinance will be automatically terminated. Upon the approved grantee’s timely acceptance of the franchise ordinance, it shall constitute a contract between the village and grantee.
(Ord. 19.01, passed 6-12-00)