The term of the franchise granted by this chapter and the rights granted thereunder shall continue for the period of 25 years from and after its acceptance by the said company, as herein provided, except that the city may open for revisions or cancel this franchise on the sixth, twelfth, and eighteenth year anniversaries of the anniversary date of this franchise by notifying company in writing of its desire to do so, said notification to be given within 30 days of the sixth, twelfth, and eighteenth year anniversaries respectively of this franchise. Revisions related to the implementation of a franchise fee (see § 118.11) are not subject to the sixth, twelfth, and eighteenth year anniversary milestones and the advance notice provisions, and can be added to this chapter at any time during the 25-year term. If company is not notified of the request for cancellation by the sixth, twelfth, and eighteenth year anniversaries then this franchise shall continue without cancellation until the next relevant cancellation period or if such subsequent cancellation periods are not exercised, up to the twenty fifth year. The acceptance shall be filed with the City Clerk within 90 days from passage of Ordinance 2362.
(Ord. 2362, passed 8-19-2019)