§ 6.26.280. Renewal.

At any time during the last year of the franchise, grantee may request the metropolitan government to enter into negotiations toward renewing or extending this franchise. The exercise by grantee of this option shall not bind the metropolitan government as to acceptance of any particular terms or renewal of the rights granted by the franchise. Any proposed renewal, extension or modification of the franchise is subject to the council's approval, modifications or rejection in its sole discretion.

Upon expiration of the fifteenth year of the franchise, the metropolitan government shall have the right, at its election, to:

A.

Renew or extend the franchise for an additional period, as agreed by the metropolitan government and grantee;

B.

Invite additional franchise applications or proposals; or

C.

Terminate the franchise without further action.

The grantee shall provide notice to any party to any contract entered into by it that the metropolitan government shall have the right to exercise these options.

(Amdt. 1(25) to Ord. 94-1103, 7/19/94; Ord. 94-1103 § 28, 1994)