Upon the foreclosure or other judicial sale of all or substantial part of the system, or upon the termination of any lease a covering all or a substantial part of the system, the grantee shall immediately notify the government of such fact, and such notification shall be treated as a notification that a change in control of the grantee has taken place, and the provisions of § 113.54, governing the consent of the City Council to such change in control of the grantee, shall apply.
(Ord. 1999-13, passed 11-8-99)