This franchise shall be in effect for a period of ten (10) years from the date of acceptance by grantee, unless sooner renewed, revoked or terminated as herein provided. Pursuant to section 9-1-6 of this chapter, grantee has agreed to upgrade the cable system serving the city to 750 MHz capacity on or before May 31, 2003. Section 9-1-6 of this chapter does not mandate that the grantee utilize fiber optics for its distribution system as part of the upgrade. If grantee constructs and activates fiber optics to replace existing trunk facilities within the city serving subscriber nodes of seven hundred fifty (750) or fewer, this franchise shall be automatically extended for an additional five (5) years bringing the total franchise term to fifteen (15) years from date of acceptance. The construction and activation of fiber as outlined above must be completed on or before December 31, 2009. Grantee shall cooperate with any desired verification by the city. (Ord. 827, 8-5-2002, eff. 8-26-2002)