A. No franchise granted under this chapter shall become effective for any purpose unless and until written acceptance thereof has been filed with the city clerk. Written acceptance, which shall be in the form and substance approved by the city attorney, shall also be and operate as an acceptance of each and every term and condition and limitation contained in this chapter, or in such franchise, or otherwise specified as herein provided.
B. The written acceptance shall be filed by the grantee not later than 12:01 p.m. of the thirtieth day next following the city council's adoption of the resolution granting such franchise pursuant to Section 5.32.060(E)(2).
C. In default of the filing of such written acceptance as herein required, the grantee shall be deemed to have rejected and repudiated the franchise. Thereafter, the acceptance of the grantee shall not be received nor filed by the city clerk. The grantee shall have no rights, remedies or redress in the franchise unless and until the council, by resolution, determines such terms and conditions as the council may impose.
D. In any case and in any instance, all rights, remedies and redress which may or shall be available to the city shall at all times be available to the city, and shall be preserved and maintained and shall continuously exist in and to the city, and shall not be in any manner or means modified, abridged, altered, restricted or impaired by agreement or otherwise.
E. Any franchise granted and accepted under this chapter shall be in lieu of any and all other rights, privileges, powers, immunities and authorities owned, possessed, controlled or exercisable by the grantee, of or pertaining to the construction, operation or maintenance of any cable television systems in the city. (Prior code § 7-8)