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1989.04.17 ORD 1989-257
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1989.04.17 ORD 1989-257
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Last modified
10/26/2017 2:11:47 PM
Creation date
10/8/2015 3:25:17 PM
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City Council
Document Type
Ordinances
Meeting Date
4/17/1989
Meeting Type
Regular
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agrees to be bound by each and every provision of this <br /> Franchise . <br /> SECTION 3 . ABANDONMENT <br /> Grantee may not abandon any portion of System without having <br /> given not less than three ( 3 ) months prior notice to City. <br /> Further, Grantee may not abandon any portion of the System without <br /> compensating City for damages resulting from the abandonment. The <br /> amount of damages resulting from abandonment and due City shall be <br /> determined in the sole discretion of City. An abandonment of any <br /> portion of the System as determined in the sole discretion of City <br /> shall be a cause for termination of this Franchise by City. <br /> ARTICLE XI . <br /> PURCHASE OF SYSTEM <br /> SECTION 1 . GENERAL <br /> A. If at any time Grantee offers System for sale, City shall <br /> have the right to purchase System. If at any time Grantee <br /> receives a bona fide purchase offer for the System, which <br /> Grantee is willing to accept, a complete copy of such offer <br /> shall promptly be given to City and City shall have the right <br /> to purchase the System according to the terms of that offer. <br /> City shall exercise such right by submitting to Grantee, <br /> within sixty ( 60 ) days after City ' s actual receipt of the <br /> bona fide offer, notice that City desires to purchase the <br /> System pursuant to said offer. If City does not exercise <br /> 52 <br /> J <br />
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