A. Publication, Effective Date: This franchise shall be published in accordance with applicable local and Minnesota law. The effective date of this franchise shall be the date of acceptance by grantee in accordance with the provisions of subsection B of this section.
B. Acceptance:
1. Grantee shall accept this franchise within thirty (30) days of its enactment by the city council, unless the time for acceptance is extended by the city. Such acceptance by the grantee shall be deemed the grant of this franchise for all purposes; provided, however, this franchise shall not be effective until all city ordinance adoption procedures are complied with and all applicable time lines have run for the adoption of a city ordinance. In the event acceptance does not take place, or should all ordinance adoption procedures and time lines not be completed, this franchise and any and all rights granted hereunder to grantee shall be null and void.
2. Upon acceptance of this franchise, grantee and the city shall be bound by all the terms and conditions contained herein.
3. Grantee shall accept this franchise in the following manner:
a. This franchise will be properly executed and acknowledged by grantee and delivered to the city.
b. With its acceptance, grantee shall also deliver any grant payments, performance bond and insurance certificates, and guaranties, as required herein, that have not previously been delivered. (Ord. 353, 2-15-2000)