Section 218. Termination of grants.

   All such grants and renewals thereof shall reserve to the City the right to terminate the same, and to purchase or lease all the property of the utility in the streets and highways in the City and elsewhere, used in or useful for the operation of the utility, at a price fixed in the ordinance, or to be fixed in the manner provided by the ordinance making the grant or renewal of the grant. Nothing in such ordinance shall prevent the City from acquiring the property of any such utility by condemnation proceedings or in any other lawful mode; but all such methods of acquisition shall be alternative to the power to purchase, reserved in the grant or renewal as hereinbefore provided. Upon the acquisition by the City of the property of any utility, by purchase, condemnation, or otherwise, all grants or renewals shall at once terminate.

Section 219. Value of grant not to be considered.

   No ordinance making such grant or renewal shall be valid unless it shall expressly provide therein that the price to be paid by the City for the property that may be acquired by it from such utility, by purchase, condemnation or otherwise, shall exclude all value of such grant or renewal.

Section 220. Extensions of appliances and service.

   The Council may grant to any individual, company, or corporation operating a public utility, the right to extend the appliance and service of such utility. All such extensions shall become a part of the aggregate property of the utility by virtue of the ordinance providing for its construction and operation, and shall thereafter be subject to all the terms, conditions, and provisions of the original grant. The right to use and maintain any such extension shall expire with the original grant of the utility to which the extension was made or any renewal thereof.

Section 221. Supervision of the Council.

   The Council at all times shall control the distribution of space, in, over, under, or across all streets or public grounds occupied by public utility fixtures. All rights granted for the construction and operation of public utilities shall be subject to the continuing right of the Council to require such reconstruction, relocation, change, or discontinuance of the appliances used by the utility in the streets, alleys, avenues and highways of the City, as in the opinion of the Council shall be necessary in the public interest.

Section 222. Extension by annexation.

   In every such grant it shall be provided that upon the annexation of territory to the City, the portion of any such utility that may be located within such annexed territory and upon the streets, alleys, or public grounds thereof, shall thereafter be subject to all the terms of the grant as though it were an extension made thereunder.

Section 223. Reports to City by grantee.

   Every grantee of a franchise to operate a public utility, now enjoyed by grant or renewal or extension, or which may hereafter be granted, shall, on or before the fifteenth day of January of each year, report to the Council in detail the assets, liabilities, receipts and disbursements of such utility for the preceding calendar year and as of the close of business on December 31. Such report shall be in detail sufficient to enable the Council to determine the actual cost of service rendered, in ascertaining which an account shall be had of a reasonable return upon a fair valuation of the investment made in constructing such utility. The report shall be verified on the oath of a managing officer of the grantee, or by the grantee. A copy of such report shall be given to the Mayor. The Council may examine the books and records of the grantee to verify such report.

(Amended by electors 9-9-75)