Ordinance No. 19359 - Laserfiche WebLink

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vii} The franchise term extension. Amended by Ordinance No. 18936, 3/8/82; Ordinance No. 19359, 10/14/85.} fib} Any additions to or modifications of services, ar system design, shall be canditianed upon their technical practicality and commercial feasibility. 1t is agreed that any franchise modifications made as a result of the franchise review under this subsection will not have an adverse impact upon Grantee's reasonable rate of return on investment during the term of the franchise based upon current standards among comparable systems to Grantee's. Added by Ordinance No. 19359, 10/14/85.) ~c} The Grantee shall be represented at these meetings by a representative of the corporation authorized to speak on behalf of the head office of the corporation on questions of corporate practice, policy, plans, or other matters concerning the cable communications system in the franchise territory. ~Relettered by Ordinance Na. 19359, 10/14/85.} ~d} Any matters within the cote oriel enumerated in Subsec- 9 tion 2~a~ above, on which agreement is not reached after good faith negoti- ation in the course of these review proceedings, shall be submitted to binding arbitration pursuant to Section 15 herein, without need of further agreement to arbitrate, as otherwise required in Section 154}. Upon deci- sion of the arbitrators}, this ordinance shall be amended to the extent necessary to implement said decision. ~Relettered, Ordinance No. 19359, 10/14/85.} fie} As part of the franchise review scheduled far the twelfth year of the term of the f ranchise, commencing no later than flctaber 31, 1990, the franchise shall be automatically renewed for an additional ten year term, provided that Grantee can reasonably demonstrate that it is in substantial compliance with the material terms of the franchise as amended pursuant to the franchise review process. 1n the event the commission initially deter- Ordinance - 29