A. The city reserves the right to revoke any franchise and terminate any franchise agreement and all rights and privileges pertaining thereto, in the event that:
1. The grantee wilfully or repeatedly violates any material provisions of such agreement or this chapter;
2. The grantee's completion of construction is delayed for over twenty-one months;
3. The grantee becomes insolvent, is involuntarily adjudged as bankrupt, or files a voluntary petition for relief under the Bankruptcy Act;
4. The grantee is adjudged to have practiced any fraud or deceit upon the city, and such judgment becomes final after all appeals are exhausted according to law.
B. The city may make written demand that the grantee remedy any default which is cause for termination under this chapter. If failure, refusal or neglect of the grantee continues for a period of thirty days following such written demand, the city shall cause a public hearing to be held thereon by the city council in accordance with procedures set forth in Section 5.32.110(A)(3).
C. If the council determines such failure, refusal or neglect by the grantee was without just cause, then the council may, by resolution, declare that the franchise of such grantee shall be terminated and forfeited unless there is compliance by the grantee within such period as the council may fix, or reduce the length of the franchise by a period of time up to the duration of the failure and/or violation.
D. The termination and forfeiture of any franchise shall in no way affect any of the rights of the city under the franchise or any provisions of law. (Prior code § 7-31)