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No such termination shall take place unless and until the following procedures have been followed:

A. The city shall provide the grantee with written notice of such violation by certified mail. The notice shall specify with particularity the basis for city's determination and shall specify the immediate action required of the grantee to correct such material violation.

B. If the violation continues for a period of sixty days following written notification from the city, the city may place a request for termination of the franchise on a regularly scheduled city council meeting agenda. The city shall cause to be served upon the grantee by certified mail at least fourteen days prior to the day of such city council meeting, a written notice of the intent to request such a termination and the time and place of the meeting.

C. If at such meeting, at which grantee shall be afforded due process and a right to be heard, the city determines that the grantee, by its acts or omissions, has given the city cause for termination of the franchise, the city may make a final written demand upon grantee for full compliance. If the material violation is not cured to the reasonable satisfaction of the city within thirty days or such additional time as the city may allow, the city may, in the exercise of its reasonable discretion and after written notice to the grantee and a final opportunity to be heard, declare the franchise terminated and of no further force and effect. In the event that termination of the franchise is imposed upon the grantee, it shall be afforded a nine (9) month to a qualified purchaser at fair market value. During this period which shall run from the effective date of the final, nonappealable order or decision of a court of competent jurisdiction imposing termination, the grantee shall have the right to operate the system pursuant to the provisions of this chapter. (Ord. 93-03 § 14 (part), 1993)