Upon the opening and declaration of such bids by the Council, any responsible person, firm or corporation present or represented, then accompanying the person’s, firm’s or corporation’s bid with a cash deposit or certified check equivalent to that required to be filed with sealed bids, may raise the bid for such franchise, permit or privilege above the highest sealed bid therefor, on any one of the bases of compensation as prescribed under Section 13.11, of this Code, and included in the advertisement for bids and notice of sale. Such bidding may thereafter continue until finally such franchise, permit or privilege shall be struck off, sold, and awarded by the Council to the highest bidder; provided that if, in the judgment of the Council, no adequate or responsible bid has been made, the Council may withdraw any franchise, permit or privilege from sale, or advertisement for new bids.
SECTION HISTORY
Based on Ord. No. 58,200.