(A) The duration of the rights, privileges and authorizations hereby granted shall be 15 years from the date the franchise is awarded. The franchise may be renewed by the Town upon application of the grantee pursuant to the procedure established in division (B) below and in accordance with the then- applicable law.
(B) (1) At least 18 months prior to the expiration of the franchise, the grantee shall inform the Town in writing of its intent to seek renewal of the franchise and thereupon file with the Town a proposal for services.
(2) After giving public notice, the Town Council shall proceed to determine whether the grantee has satisfactorily performed its obligations under the franchise. In determining satisfactory performance, the Town Council shall consider technical developments and performance of the system, programming, other services offered, cost of services and any other particular requirements set in this chapter; also the Town Council shall consider the grantee’s proposal and its annual reports made to the Town and the FCC provisions shall be made for public comment.
(3) A four-month period shall be provided to determine the grantee’s eligibility for renewal.
(4) The Town Council shall then prepare within two months any amendments to this chapter that it believes necessary.
(5) If, based upon the grantee’s performance during this franchise term, the grantee’s new proposal and reports thereon and the public hearings, the Town Council finds a renewal of the franchise with the grantee within the public interest Town Council may enter into a renewal of the franchise with grantee under such terms and conditions and for an additional term not to exceed 15 years.
(6) In the event the grantee is determined by the Town Council to have performed unsatisfactorily, the grantee will not be eligible to receive an additional term and new applicants will be sought and evaluated and a franchise award will be made by the Town Council to a new applicant.
(2005 Code, § 95.4)