The resolution offering renewal shall be deemed repealed and the request for renewal rejected twenty (20) calendar days after its adoption unless not later than the twentieth day following adoption, the franchisee files a certification in writing which expressly and unconditionally accepts renewal of the franchise in compliance with the terms, conditions and requirements of the resolution, request for renewal and this chapter. The certification shall be signed by a person duly authorized to act in behalf of the franchisee, shall be notarized, shall have attached thereto a certified copy of an order by the board of directors of the franchisee directing execution and filing of the certification, and shall be accompanied by the performance bond, security deposit and policy or policies of insurance prescribed by Sections 5.28.1640, 5.28.1650 and 5.28.1680 of this chapter, respectively, in this chapter and the documents required by Section 5.28.1780 of this chapter. The certification and accompaniments shall be filed with the clerk of the board of directors of the cable television commission. A certification which constitutes a qualified acceptance or places other limits or conditions thereon shall be deemed to be a nullity and the resolution shall be deemed to be repealed and the request for renewal denied. The twenty (20) day period for acceptance prescribed by this section may be extended either prior or subsequent to its expiration by the board of directors of the commission through express action which prescribes the period of extension.
Filing of the certification in the manner and within the time prescribed above shall renew the franchise, unless renewal is disapproved pursuant to the provisions of Section 5.28.530 of this chapter. (Prior code § 20.03.236)