2000 038 Ordinance - Laserfiche WebLink

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ORDINANCE NO. 2000- PAG E 11 financial, character and technical qualities of the applicant and determining that they are satisfactory, the Grantor finds that such transfer is acceptable, the Grantor shall transfer and assign the rights and obligations of such franchise. (g) The consent or approval of the Grantor to transfer by the Grantee shall not constitute a waiver or release of the rights of the Grantor in or to its public rights-of-way or easements and any transfer shall by its own terms be expressly subject to the terms and conditions of this chapter and the franchise agreement. A sale, transfer or assignment of the franchise may not be approved without the successor in interest becoming a signatory to the franchise agreement. (h) Any financial institution having a pledge of the Grantee or its assets for the advancement of money for the construction and/or operation of the franchise shall have the right to notify the Grantor that it or its designee satisfactory to the Grantor shall take control of and operate the cable television system, in the event of a Grantee default in its financial obligations. Further, said financial institution shall also submit a plan for such operation within 30 days of assuming such control that will insure continued service and compliance with all franchise requirements during the term the financial institution exercises control over the system. The financial institution shall not exercise control over the system for a period exceeding one year unless such time limit is extended by the Grantor, in its sole and complete discretion, and during said period of time the financial institution shall have the right to petition the Grantor for permission to transfer the franchise to another Grantee. §945.09 PURCHASE BY VILLAGE. (a) Grantor may, at any time, offer to purchase Grantee's cable system forthe same consideration and other terms it is willing to accept from any person. The Grantee shall have 30 days from receipt of the offer from Grantor within which to accept or reject the offer. (b) In any case where the Grantor elects to purchase and Grantor agrees to sell the system, the purchase shall be closed within 60 days of the date of Grantor's audit of a current profit and loss statement of the Grantee. §945.10 GEOGRAPHICAL COVERAGE; MULTIPLE DWELLING UNITS (MDUs). (a) Grantee shall design, construct and maintain the cable television system to have the capability to provide cable service to every dwelling unit, school, library, and municipal building located within the service area, subject to any line extension requirements of the franchise agreement. (b) After service has been established by activating trunk and/or distribution cables for any part of the service area, Grantee shall provide cable service to any noncommercial subscriber requesting a standard installation within that part of the service area within seven (7) business days from the date of request if no further construction is required or