(a) The franchise agreement shall provide for a nonexclusive franchise for a term of not more than fifteen years, which term shall commence as of the date set forth in the franchise agreement.
(b) The franchise agreement shall provide that throughout the term of the franchise, Grantee shall pay the Village a franchise fee at the times and in an amount provided in the franchise agreement. Acceptance of any payment by the Village shall not be construed as a release of or as an accord and satisfaction regarding any claim the Village may have for further and additional sums payable as a franchise fee or for the performance of any other obligation of Grantee under this ordinance or the franchise agreement.
(c) The franchise agreement shall, in substance, contain the following express undertakings by Grantee:
(1) That Grantee agrees to and accepts all provisions of the ordinance codified in this chapter as initially adopted and waives any claim that any provision of this chapter is unlawful;
(2) That Grantee recognizes the right of the Village to make lawful amendments to this chapter during the term of the franchise.
(Ord. 141. Passed 2-12-03.)