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4011 <br /> City shall have the right to exercise one of the following <br /> options : <br /> ( 1 ) Declare all right, title and interest to the System to <br /> be in City with all rights of ownership including, but <br /> not limited to, the right to operate the System or <br /> transfer the System to another for operation by it. <br /> Insurance and Letter of Credit proceeds may be used to <br /> remove any encumbrance on the System. <br /> (2 ) Declare the System abandoned and cause the System, or <br /> such part thereof as City shall designate, to be removed <br /> at no cost to City. The cost of said removal shall be <br /> recoverable from the Letter of Credit, insurance, <br /> indemnification and penalties provided for in this <br /> Franchise, or from Grantee directly. <br /> C. Any portion of the System not designated by City for removal <br /> shall belong to and become the property of City without <br /> payment to Grantee and Grantee shall execute and deliver such <br /> documents, as City shall request, in form and substance <br /> acceptable to City, to evidence such ownership by City. <br /> SECTION 3 . WORK PERFORMED BY OTHERS <br /> A. Grantee shall give notice to City specifying the names and <br /> addresses of any other entity, other than Grantee, which <br /> performs services pursuant to this Franchise, provided, <br /> however, that all provisions of this Franchise remain the <br /> responsibility of Grantee. <br /> 60 <br /> AA <br />