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(a) Any franchise granted under this article cannot be sold, transferred, leased, assigned or disposed of, in whole or in part, either by forced or involuntary sale or by voluntary sale, merger, consolidation or otherwise without the prior consent of the city council, and then only under such reasonable conditions as may be prescribed by the City, in accordance with applicable law. If the franchisee is a corporation, such prior approval of the council shall be required where there is an actual change in control. The term "control," as used in this subsection, is not limited to major stockholders but includes actual working control in whatever manner exercised.

(b) The franchisee shall promptly notify the City of any proposed change in or transfer of or acquisition by any transfer or acquisition of control of the grantee and shall make the franchise subject to cancellation unless and until the city shall have consented thereto.

(c) In seeking the City's consent to any change in ownership or control, the franchisee shall, at a minimum, be required to show to the satisfaction of the city that the proposed transferee is legally, technically, and financially qualified to maintain and operate the cable system for the remaining term of the franchise under the existing franchise terms. Any pending franchise violations must be cured to the City's satisfaction prior to transfer approval. In addition, the transferee shall indicate in writing its willingness to be bound by all terms of any existing franchise agreement and this chapter. (Code 1979, § 13-18; Ord. No. 2005-12, § 63, 4-11-2005)