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18936 <br />Section 5, Subsections ~1} and ~2} of Section 16 of <br />ordinance No. 18284 are hereby amended to read as follows: <br />~`^^~-~ 16 t' R 1 d R t` t'on <br />~1} <br />on Dura ian, enewa an ene o is i <br />Duration and Renewal. This franchise and the <br />rights and privileges granted herein shall take effect thirty <br />~ 30 } days after the date this ordinance is passed by the <br />grantor and remain in effect for fifteen X15} years from that <br />date unless terminated sooner under provisions of subsection <br />~4} of this section; provided, however, that the terms of the <br />franchise must be unconditionally accepted by the grantee in <br />writing, signed by an officer of the corporation within <br />thirty X30} days after the date this ordinance is passed by <br />the grantor. At the end of the initial 15-year term, at the <br />discretion of grantor this franchise may be renewed for an <br />additional ten X10} <br />it is in substantial <br />of the franchise and <br />the written programs <br />the franchise review <br />this section. <br />year term upon a showing by grantee that <br />compliance with the terms and conditions <br />is rendering services and implementing <br />and policies in effect resulting from <br />process established in subsection ~2} of <br />~2} Franchise Review. ~a} As need arises, and at <br />least at the end of the 3rd, 6th, 9th and 12th years of the <br />term of the franchise, the Commission shall meet to review <br />the franchise performance, generally, and in particular, the <br />following matters: <br />ordinance - 12 <br />