947.28 ACCEPTANCE.

   (a)   Any franchise issued to a Grantee is conditioned upon the Grantee accepting and promising to abide by the provisions contained herein. Such acceptance and promise shall consist of a written agreement, duly executed and acknowledged by or on behalf of the Grantee, entered into with the City, on terms in substantial uniformity with those contained herein, and filed with the Clerk of Council within twenty days after passage. The Director of Administration is hereby authorized to execute such agreement on behalf of the City.

   (b)   The above-required agreement shall be accompanied by a certified cashier's check approved by the City, on the amount of five thousand dollars ($5,000) made payable to the City as an acceptance fee. All checks received shall be deposited in an account of the City and shall serve to recover expenses incurred by the City in the granting of this franchise. Such expenses shall include, but not be limited to consultants' expenses and the reasonable value of services performed by the City's employees, agents or contractors. Any funds remaining at the end of the franchise period after all expenses have been paid shall be refunded to the Grantee. The City does not guarantee any amounts to be refunded.

   (c)   The Grantee will not be required to provide the above fee for any renewals.

   (d)   If one or both of the aforementioned requirements is not complied with as specified herein, the franchise shall not take effect and shall be void. (Ord 1985-18. Passed 6-3-85.)