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9 <br />(b) City shall approve or deny in writing the sale or transfer request. City shall set <br />forth in writing with particularity its reason(s) for denying approval. City shall not <br />unreasonably withhold its approval. <br /> <br />(c) Any sale or transfer of stock in Grantee so as to create a new controlling interest <br />in the System shall be subject to the requirements of this Section 2.7. The term “controlling <br />interest” as used herein is not limited to majority stock ownership, but includes actual <br />working control in whatever manner exercised. <br /> <br />(d) In no event shall a transfer or assignment of ownership or control be approved <br />without the transferee becoming a signatory to this Franchise and assuming all rights and <br />obligations thereunder, and assuming all other rights and obligations of the transferor to <br />the City. <br /> <br />(e) In accordance with Minn. Stat. § 238.084, Subd. 1(y), the City shall have the right <br />to purchase the System in the event the Franchise or System is proposed to be transferred <br />or sold on the same terms and conditions as the offer pursuant to which transfer notice <br />was provided pursuant to this section. The City shall have thirty (30) days from receipt <br />of an application for consent under this Section 2.7 in which to give notice of its intention <br />to consider exercising such right. <br /> <br />(f) If the City has issued a written notice of franchise violation in accordance with the <br />terms of this Franchise, the transfer may be conditioned upon the transferee agreeing to a <br />mutually acceptable remediation plan. The approval of any transfer of ownership pursuant <br />to this section shall not be deemed to waive any rights of the City to subsequently enforce <br />noncompliance issues relating to this Franchise even if such issues predated the approval, <br />whether known or unknown to the City. <br /> <br />2.8 Expiration. Upon expiration of the Franchise, the City shall have the right at its own <br />election and subject to Grantee’s rights under Section 626 of the Cable Act to: <br /> <br />(a) extend the Franchise, though nothing in this provision shall be construed to require <br />such extension; <br /> <br />(b) renew the Franchise, in accordance with Applicable Laws; <br /> <br />(c) invite additional franchise applications or proposals; <br /> <br />(d) terminate the Franchise subject to any rights Grantee has under Section 626 of the <br />Cable Act; or <br /> <br />(e) take such other action as the City deems appropriate. <br /> <br />2.9 Right to Require Removal of Property. At the expiration of the term for which this <br />Franchise is granted, provided no renewal is granted, or upon its forfeiture or revocation as <br />provided for herein, the City shall have the right to require Grantee to remove at Grantee’s own <br />expense all or any part of the Cable System from all Streets and public ways within the Franchise <br />Area within a reasonable time. If Grantee fails to do so, the City may perform the work and collect