§ 6. Term; renewal  


Latest version.
  • The term of the franchise granted by the City pursuant to this ordinance for a minimum of one hundred ninety (190) shelters shall be for a period of ten (10) years from and after the effective date hereof. Thereafter, the franchise may be renewed for an additional ten-year term on such terms and conditions as may be mutually acceptable to the City and Company.

    The term of the franchise shall be renewed and extended from November 9, 1989 to November 8, 1999. The franchise may be renewed for an additional ten (10) years from November 9, 1999 to November 8, 2009, by written agreement of the City and Company; provided, that a refusal by either party to renew the franchise shall be based on clearly reasonable grounds, including the refusal of either party to agree upon modifications to this ordinance that are reasonably requested by the other party; however, neither party shall require as a condition of such renewal the amendment of any provision of this ordinance relating to the franchise fee, unless the reasonable financial or performance expectations of such party have been substantially unmet during the term of the franchise.

    The term of the franchise shall be renewed and extended from November 9, 2009 to June 30, 2010, by written agreement of the City and Company; provided, that all franchise provisions in place up to and including November 8, 2009 shall carry over through June 30, 2010. (2010-Or-043, § 1, 4-16-10)