All franchises shall have an initial term of 15 years and any renewal shall be for a period of not more than five years. Renegotiation of any or all terms of the franchise may occur at such times as may be mutually agreed upon by the city and the grantee. Such renegotiation shall occur at least at the end of the initial franchise term, unless the city determines not to reissue the franchise to the grantee or desires to consider additional applicants for a franchise.
(Ord. 51, passed 4-12-83)