(A) Ownership or control of a majority interest in a telecommunications franchise may not, directly or indirectly, be transferred, assigned, or disposed of by sale, lease, merger, consolidation, or other act of the grantee, by operation of law or otherwise, without the prior consent of the city, which consent shall not be unreasonably withheld or delayed.
(B) The city may attach reasonable conditions to its consent, such as, but not limited to:
(1) Grantee and the proposed assignee or transferee of the franchise or system shall agree, in writing, to assume and abide by all the provisions of the franchise; and
(2) The approval shall be effective only when the assignee or transferee has demonstrated that it has the legal, technical, financial, and other qualifications required by law to own, hold, and operate the telecommunications system pursuant to this chapter.
(Ord. 2021-01, passed 3-10-2021)