(a) In addition to all other rights and powers reserved or pertaining to the City, the City reserves as an additional and as a separate and distinct remedy the right to terminate a license or franchise and all rights and privileges of a grantee in any of the following events or for any of the following reasons:
(1) A grantee fails after thirty days prior written notice to comply with any of the provisions of the license or franchise or has, by act or omission, violated any term or condition thereof;
(2) A grantee becomes insolvent, unable or unwilling to pay its debts, or is adjudged bankrupt;
(3) All or part of a grantee's facilities are sold under an instrument to secure a debt and are not redeemed by a grantee within ninety days from such sale;
(4) A grantee attempts to or does practice any fraud or deceit in its conduct or relations with the City under the license or franchise;
(5) The City condemns all of the property of a grantee within the City by the lawful exercise of eminent domain; or
(6) The grantee abandons the telecommunication system or fails to seek renewal of its license or franchise.
(b) No termination, except for reason of condemnation, shall be effective unless or until the City shall have adopted a resolution setting forth the cause and reason for the revocation and the effective date, which resolution shall not be adopted without thirty days prior notice to a grantee and an opportunity for the grantee to be heard on the proposed resolution.
(Ord. 99-07. Passed 3-2-99.)