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.," 4 . part of the property, of the Franchisee's system operated within the City. Any such purchase shall be at fair market value of the assets but with no value allocated to the franchise itself. SECTION 6. PROCEDURES The Engineering Department shall file with the City Council the following documents: A. Within five (5) days of issuance, a copy of each RFP or other solicitation issued pursuant to this Ordinance. B. Within ten (10) days any formal request for a franchise received from a prospective Franchisee. C. Within fifteen (15) days of approval by the City Council a copy of the final agreement for each franchise granted pursuant to this Ordinance. D. On or before July 1 of each year, a report detailing the revenues received by the City from each franchise granted pursuant to this Ordinance during the preceding calendar year. E. On or before July 1 of each calendar year a detailed report showing the progress of each Franchisee and listing the complaints and problems encountered by the City and the subscribers/customers of the Franchisee. F. The Engineering Department shall cause to be placed in a suitable publication an announcement of all RFP's, requests for franchise and awards of such franchises. Such announcements shall include but not be limited to the following information. (1) Date and timing of any RFP issued in accordance herewith. (2) City Office supplying franchise information. (3) Names and add~esses of any principals requesting a franchise under this Ordinance. (4) Name of any person, corporation or firm receiving a franchise granted in accordance herewith. (5) Area or territory covered by the franchise granted in accordance herewith. 7