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(A) In the event a franchise expires without right of renewal, is revoked, or is otherwise terminated, the company shall remove the tangible assets of its system from the Village's rights-of-way within one year unless the company receives permission to abandon some or all of its system or has received permission to transfer the system.
(B) In removing its plant, structures and equipment, the company shall at its own expense restore and repair any property damaged during the removal process and shall leave all streets and public ways in as good condition as prevailed prior to the company's removal of its equipment and appliances, without affecting the electrical, telephone or other cable wires or attachments. The Village shall inspect and approve the condition of the streets and public ways after removal. The liability, indemnity and insurance as provided herein, and the Security Fund, shall continue in full force and effect during the period of removal and until full compliance by the company with all the terms and conditions of this section.
(C) In the event of a failure by the company to complete any work required by this section the Village may cause such work to be done and the company shall then reimburse the Village for the costs thereof within thirty (30) days after receipt of an itemized list of such cost, or the Village may recover such costs through the Security Fund or letter of credit provided by the company. (Ord. 00-O-12, 5-8-2000)