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a <br /> determined to discontinue its operations in the <br /> City must either: <br /> A. Provide information satisfactory to the <br /> Administrator that the registrant ' s <br /> obligations for its equipment in the right-of- <br /> way under this Chapter have been lawfully <br /> assumed by another registrant; or <br /> B. Submit to the Administrator a proposal and <br /> instruments for transferring ownership of its <br /> equipment to the City. If a registrant <br /> proceeds under this clause, the City may, at <br /> its option: <br /> 1 . purchase the equipment; or <br /> 2 . require the registrant, at its own <br /> expense, to remove it; or <br /> 3 . require the registrant to post a bond in <br /> an amount <br /> sufficient to reimburse the <br /> City for reasonably anticipated costs to <br /> be incurred in removing the equipment . <br /> Subd. 2 . Abandoned Equipment. Equipment of a registrant who <br /> fails to comply with Chapter 360 . 30, Subd. 1, and <br /> which, for two (2) years, remains unused shall be <br /> deemed to be abandoned. Abandoned equipment is <br /> deemed to be a nuisance. The City may exercise any <br /> remedies or rights it has at law or in equity, <br /> including, but not limited to, (i) abating the <br /> nuisance (ii) taking possession of the equipment <br /> and restoring it to a useable condition; or (iii) <br /> requiring removal of the equipment by the <br /> registrant, or the registrant ' s successor in <br /> interest . <br /> Subd. 3 . Removal. Any registrant who has unusable and <br /> abandoned equipment in any right-of-way shall <br /> remove it from that Right-of-Way during the next <br /> scheduled excavation, unless this requirement is <br /> waived by the Administrator. <br /> 30 <br />