§ 116.039 APPLICATION FOR FRANCHISE MODIFICATION.
   (A)   An application for modification of a franchise agreement shall include, at minimum, the following information:
      (1)   The specific modification requested;
      (2)   The justification for the requested modification, including the impact of the requested modification on subscribers and others, and the financial impact on the applicant if the modification is approved or disapproved, demonstrated through, among other things, submission of financial forms as covering the period of time in which the modification would be in effect if approved, including a statement of projected gross revenues and income;
      (3)   A statement whether the modification is sought pursuant to § 625 of the Cable Act, 47 USC § 545, and, if so, a demonstration that the requested modification meets the standards set forth in 47 USC § 545;
      (4)   Any other information that the applicant believes is necessary for the village to make an informed determination on the application for modification; and
      (5)   An affidavit or declaration of the applicant or authorized officer certifying the truth, accuracy and completeness of the information in the application, acknowledging the enforceability of application commitments upon acceptance through the granting of the modification and certifying that the application is consistent with all federal, state and local laws.
   (B)   If the request for modification is subject to 47 USC § 545, the Village Board will conduct its review and makes its decision in conformity with that statute. If the request for modification is not subject to 47 USC § 545, the Village Board will conduct its review and make its decision by ordinance enacted no less than 30 days after the application is filed, subsequent to preparation of a modified written franchise agreement by the village and signature thereof by the applicant.
   (C)   An extension of a franchise term by less than four years shall constitute a modification. An extension of a franchise term by four years or more shall be processed through formal or informal renewal procedures.
(`92 Code, § 8-1-44) (Ord. 96-19, passed 10-2-96)