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to majority stock ownership, but includes actual working control in whatever. <br />manner exercised. <br />10.5.3 The Grantee shall file, in addition to all documents, forms and information <br />required to be filed by applicable law, the following: <br />10.5.3.1 All contracts, agreements or other documents that constitute the <br />proposed transaction and all exhibits, attachments or other documents <br />referred to therein which are necessary in order to understand the <br />terms thereof. <br />10.5.3.2 A list detailing all documents filed with any state or federal agency <br />related to the transaction including, but not limited to, the MPUC, the <br />FCC, the FTC, the FEC, the SEC or MnDOT. Upon request, Grantee <br />shall provide City with a complete copy of any such document; and <br />10.5.3.3 Any other documents or information related to the transaction as may <br />be specifically requested by the City <br />10.5.4 The City shall have such time as is permitted by federal law in which to review a <br />. transfer request. <br />10.5.5 The Grantee shall reimburse the City and/or the Commission for all the <br />reasonable legal, administrative, and consulting costs and fees associated with the <br />City's/Commission's review of any request to transfer. Nothing herein shall <br />prevent the Grantee from negotiating partial or complete payment of such costs <br />and fees by the transferee. Grantee may not itemize any such reimbursement on <br />Subscriber bills, but may recover such expenses in its Subscriber rates. <br />10.5.6 In no event shall a sale, transfer, corporate change or assignment of ownership or <br />control pursuant to subsections 10.5.1 or 10.5.2 of this Section be approved <br />without the Grantee remaining, or (if other than the current Grantee) transferee <br />becoming a signatory to this Franchise and assuming or continuing to have all <br />rights and obligations hereunder. <br />10.5.7 In the event of any proposed sale, transfer, corporate change or assignment <br />pursuant to subsection 10.5.1 or 10.5.2, the City shall have the right to purchase <br />the System, the I -Net and the DFOI for the value of the consideration proposed in <br />such transaction. The City's right to purchase shall arise upon City's receipt of <br />notice of the material terms of an offer or proposal for sale, transfer, corporate <br />change or assignment, which Grantee has accepted. Notice of such offer or <br />proposal must be conveyed to City in writing and separate from any general <br />announcement of the transaction. <br />54 <br />