(A) A transfer of a franchise must not occur without prior approval of the city.
(B) An application to transfer a franchise must meet the requirements of § 118.14 and provide complete information on the proposed transaction, including details on the legal, character, financial, technical and other pertinent qualifications of the transferee, and on the potential impact of the transfer on subscriber rates. At minimum, the information required in § 118.14(E)(l) through (4) must be provided by the proposed transferee. The information required in § 118.14(E)(5) through (10) must also be provided whenever the proposed transferee expects material changes to occur in those areas. Transfer applications should be filed at least 90 days prior to the anticipated date of the proposed transaction.
(C) Final action on an application for transfer of a franchise must be taken by the Council. In making a determination on such an application, the Council will consider the legal, financial, technical and character qualifications of the transferee to operate the system and whether operation by the transferee would adversely affect the cable services to subscribers or otherwise be contrary to the public interest.
(D) Approval by the city of a transfer of a franchise does not constitute a waiver or release of any of the rights of the city under this chapter or the franchise agreement.
(Ord. 89-15, passed 5-8-89)