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i a <br /> other may be in a City newsletter or a City-wide mailing. Notice <br /> must be published at least 30 days prior to the hearing. <br /> Section 10. 04 Power of Regulation Reserved. The Council <br /> may, by ordinance, reasonably regulate and control the exercise of <br /> any franchise, subject to applicable law. This regulation may <br /> include setting the maximum rates, fares or prices to be charged by <br /> the grantee. The value of the franchise must not be included in <br /> the valuation of the grantee's property in regulating utility <br /> rates, fares, or prices under any applicable state or municipal <br /> law, or regulations, or in proceedings for municipal acquisition of <br /> the grantee's property by purchase or eminent domain. <br /> Section 10 . 05 Renewals or Extensions . Every extension, <br /> renewal, or modification of any franchise is subject to the same <br /> limitations and must be granted in the same manner as a new <br /> franchise. <br /> ( 94-2) 35 <br />