The franchise shall be subject to all of the following:
1. All the requirements of Chapter 115 of this Code of Ordinances.
2. The terms of the Franchise Agreement between the City and South Slope Cooperative Telephone Company, Inc. In instances where the terms of the Franchise Agreement are in conflict with the provisions of Chapter 115 of this Code of Ordinances, the provisions of Chapter 115 shall apply.
3. All promises and commitments, whether oral or written, made by the franchise applicant, its officers, agents or employees prior to the approval of the franchise by the City voters and Council. Such promises and commitments shall be deemed to be terms of the franchise and subject to the regulatory, administrative, and other provisions of Chapter 115.