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CHAPTER 10 - FRANCHISES <br /> Section 10.01. Except as otherwise provided by state law, no person, <br /> firm or corporation shall place or maintain any permanent or semi-permanent <br /> fixtures in, over, upon, or under any street or public place for the purpose <br /> of operating a public utility , or for any other purpose, without a franchise <br /> therefor from the city. A franchise shall be granted only by ordinance, which <br /> shall not be an emergency ordinance. No exclusive franchise shall be granted <br /> unless the proposed ordinance is submitted to the voters of the city following <br /> a public hearing and approved by at least a majority of those voting thereon. <br /> Every ordinance granting a franchise shall contain all the terms and conditions <br /> of the franchise. The grantee shall bear the costs of publication of the <br /> franchise ordinance and shall make a sufficient deposit with the clerk-treasurer <br /> to guarantee publication before the ordinance is passed. <br /> Section 10.02. Term. No perpetual franchise or privilege shall be created, <br /> nor shall any exclusive franchise or privilege be granted for a period of more <br /> than twenty-five years. <br /> Section 10.03. Public Hearing. Before any franchise ordinance is adopted <br /> or any rates, faxes, or prices to be charged by a public utility axe fixed by <br /> council , the council shall hold a public hearing on the matter. Not less than <br /> ten days prior to the date of the hearing, notice of such hearing shall be <br /> published at least once in the official newspaper and additional notice of such <br /> hearing shall be given in other media as the council shall determine. <br /> Section 10.04. Power of Regulation Reserved. Subject to any applicable <br /> state law, the council may by ordinance reasonably regulate and control the <br /> exercise of any franchise, including the maximum rates, faxes, or prices to <br /> be charged by the grantee. No franchise value shall be included in the valuation <br /> of the grantee's property in regulating utility rates, fares, or prices under <br /> any applicable state or municipal law, or regulation, or in proceedings for <br /> municipal acquisition of the grantee's property by purchase or eminent domain. <br /> Section 10.05. Renewals or Extensions. Every extension, renewal, or <br /> modification of any existing franchise, or of any franchise granted thereafter, <br /> shall be subject to the same limitations and shall be granted in the same <br /> manner as a new franchise. <br />