2007-09-26 CC Packet - Laserfiche WebLink

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DRAFT 10.2.4 During the appeal period, the Franchise shall remain in full force and effect unless the term thereof sooner expires or unless continuation of the Franchise would endanger the health, safety and welfare of any Person or the public. 10.3 Continuitv of Service. Grantee may not abandon the System or any portion thereof without having Jirst given three (3) months' written no lice to the City. The Gnmtee may not abandon the System or any portion thereof without compensating the City for all costs incident to removal of the System if required l1Y the City pursuant to section 10.4. 10.4 Removal After Abandonment, Termination or Forfeiture. 10.4.1 In the event of termination or lorfeiture of the Franchise or abandonment of the System, the City shall have the right to require the Grantee to remove all or any portion of the System Ii'om all Rights-of~Way and public property within the City. subject to any other lawful and valid authorizations the Grantee may have to use the System or a portion thereofin the Public Rights-or-Way_ 10.4.2 1 I' the Grantee has failed to commence removal of the System, or such part thereof as was designated by the City, within thirty (30) days alter written notice of the City's demand for removal is given, or if the Grantee has lililed to eomplete such removal within twelve (12) months aner written notice of the City's demand for removal is given, the City shall have the right to apply funds secured by the Letter of Credit and Performance Bond toward removal andlor declare all right, title and interest to the System to be in the City with all rights of ownership including, but not limited to, the right to operate the System or transfer the System to another jor operation by it. 10.5. Sale or Transfer of Franchise. 10.5.1 No sale or transfer of the Franchise, or sale, transfer or lLlIldamental corporate change of or in Grantee, including, but not limited to, a fundamental corporate change in Grantee's parent corporation Or any entity having a controlling interest in Grantee, the sale of a controlling interest in the Grantee's assets, a merger, including the merger of a subsidialY and parent entity, consolidation or the creation of a subsidiary or anJliate entity, shall take place until a written request has been filed with the City requesting approval of the sale, transfer or corporate change and such approval has been granted or deemed granted, provided, however, that said approval shall not be required whcre Grantee grants a security interest in its Franchise andlor assets to secure an indebtedness. Approval of a 51 p;;