§ 4.16.16. Franchise termination and continuity of service.

In the event of a formal denial of renewal or revocation of a franchise, which denial or revocation is upheld by final judicial adjudication of any appeal(s) which may be filed, the grantee shall be have a period of one-year from such final adjudication within which to transfer or convey the assets of the cable system to another owner. Approval of such proposed transfer or assignment shall not be unreasonably withheld by the city.

In the event the franchise term expires prior to formal action being taken by the city either to renew the franchise or deny renewal, the term of this franchise shall automatically be extended until such time as formal action to renew or deny renewal is taken by the city. The renewal procedures and criteria contained in section 626(c) of the Cable Communications Policy Act of 1984, as amended, shall be followed by the city and the grantee.

( Ord. 99-13, § 15 )