Laserfiche WebLink
The grantee shall bear the costs of publication of the franchise ordinance and <br /> shall make a sufficient deposit with the clerk-administrator to guarantee pub- <br /> lication before the ordinance is passed. <br /> Sec. 10.02. Term. No perpetual franchise or privilege shall be created, nor <br /> shall any exclusive franchise or privilege be granted for a period of more than <br /> twenty-five years. <br /> Sec. 10.03. Public Hearing. Before any franchise ordinance is adopted or <br /> any rates, fares, or prices to be charged by a public utility are fixed by the <br /> council, the council shall hold a public hearing on the matter. Notice of such <br /> hearing shall be published at least once in the official newspaper not less than <br /> ten days prior to the date of the hearing. <br /> Sec. 10.04. Power of Regulation Reserved. Subject to any applicable state <br /> law, the council may by ordinance reasonably regulate and control the exercise <br /> of any franchise, including the maximum rates, fares, or prices to be charged by <br /> the grantee. No franchise value shall be included in the valuation of the grantee's <br /> property in regulating utility rates, fares, or prices under any applicable state <br /> or municipal law, or regulation, or in proceedings for municipal acquisition of <br /> theantee's property y b y purchase or eminent domain. <br /> Sec. 10.05. Renewals or Extensions. Every extension, renewal, or modification <br /> of any existing franchise, or of any franchise granted thereafter, shall be subject <br /> to the same limitations and shall be granted in the same manner as a new franchise. <br /> -28- <br />