This franchise shall remain in effect for a period of twenty-five (25) years from the effective date of the ordinance codified in this chapter.
† 6
The City may request amendments to the franchise by providing to the Company written notice of the City’s desire to amend said franchise. Such notice shall be given at least one hundred eighty (180) days prior to the expiration of the fifteenth (15
th
) or twentieth (20
th
) year of the agreement. If the parties are unable to agree to amend this franchise within ninety (90) days after such notice is given, the City may terminate this franchise agreement. Failure to amend or terminate the franchise at the first option does not render invalid the City’s second option to amend or terminate the franchise.
Notes
| 6 | †
EDITOR’S NOTE: Ordinance No. 05-01, adopting an electric franchise for the City, was passed and adopted on February 22, 2005, and became effective on March 28, 2005. |