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7. Grantee Acknowledgment of Validity of Franchise. Grantee acknowledges that it <br /> has had an opportunity to review the terms and conditions of this Franchise and that under <br /> current law Grantee believes that said terms and conditions are not unreasonable or arbitrary, and <br /> that Grantee believes City has the power to make the terms and conditions contained in this <br /> Franchise. <br /> 8. No Third Party Beneficiaries. Nothing in this Franchise Agreement is intended to <br /> confer third-party beneficiary status on any member of the public to enforce the terms of this <br /> Franchise Agreement. This provision does not apply to the Commission or the NSAC. <br /> SECTION 14. PUBLICATION EFFECTIVE DATE; ACCEPTANCE AND EXHIBITS <br /> 1. Publication: Effective Date. This Franchise shall be published in accordance with <br /> applicable local and Minnesota law. The Effective Date of this Franchise shall January 1, 2017. <br /> 2. Acceptance. <br /> a. Grantee shall accept this Franchise within sixty (60) of its enactment by <br /> the City Council, unless the time for acceptance is extended by City. Such acceptance by <br /> the Grantee shall be deemed the grant of this Franchise for all purposes provided, <br /> however, this Franchise shall not be effective until all City ordinance adoption <br /> procedures are complied with and all applicable timelines have run for the adoption of a <br /> City ordinance. In the event acceptance does not take place, or should all ordinance <br /> adoption procedures and timelines not be completed, this Franchise and any and all rights <br /> granted hereunder to Grantee shall be null and void. <br /> b. Upon the Effective Date and acceptance of this Franchise, Grantee and <br /> City shall be bound by all the terms and conditions contained herein. <br /> C. Grantee shall accept this Franchise in the following manner: <br /> i. This Franchise will be properly executed and acknowledged by Grantee <br /> and delivered to City. <br /> ii. With its acceptance, Grantee shall also deliver any grant payments, <br /> performance bond and insurance certificates required herein that have not <br /> previously been delivered. <br /> Passed and adopted this day of ", �� , 2017. <br /> ATTEST: ..- CITY' <br /> BIts: -. A.. ,. ,.,.,W,�� By: <br /> Its: <br /> 33 <br />