(A) Revocation. Consistent with applicable law, in addition to any rights set out elsewhere in this document, the grantor reserves the right to revoke a franchise, subject to notice to the grantee and the provision of a hearing consistent with due process requirements, in the event that:
(1) The grantee willfully, grossly or negligently violates any material provision of its franchise; and
(2) The grantee’s construction schedule is materially delayed as set forth in the franchise and such delays were within the control of the grantee.
(B) Forfeiture. Consistent with applicable law, upon failure of the grantee to comply with the material terms of its franchise, the grantor may by resolution after a full hearing affording the grantee due process, declare a forfeiture, and the grantee may be required to forthwith remove its structures or property from the streets and restore the streets to their prior condition within a reasonable period of time and upon failure to do so the grantor may perform the work and collect all actual costs, including all direct and indirect costs, thereof from the grantee. The cost thereof shall be a lien upon all plant, property or other assets of the grantee, within the village limits.
(2009 Code, § 8-1-11) (Ord. 93-5, passed 4-11-1993)