A. Any franchise and the rights, privileges and authority hereby authorized shall take effect and be in force from and after the signing of a franchise agreement by the village, as provided by law, and shall continue in force and effect for a term of no longer than fifteen (15) years; provided, that thirty (30) days prior to the date of signing of the franchise agreement the grantee shall file acceptance of the franchise and its promise to comply with and abide by all its provisions, terms and conditions. Such franchise shall be nonexclusive and revocable only under the terms herein or in the franchise agreement with grantee.
B. In the event the village enters into an additional franchise agreement to use and occupy the public right of way for the purpose of operating a cable system, said additional franchise agreement should only be granted if the terms, conditions, and requirements relating to payments, facilities, equipment and services to be provided by the subsequent cable operator satisfy the applicable requirements set forth in section 11-42-11, to maintain a competitively neutral and nondiscriminatory environment as required by the telecommunications act of 1996, any additional grantee shall provide terms, conditions, and requirements relating to the payments, facilities, equipment and services and regulatory requirements for use of the public right of way that are substantially equivalent to the payments, facilities, equipment and services and regulatory requirements imposed on the grantee previously granted a franchise pursuant to this chapter. (Ord. 1021, 8-12-1998)