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(2)Upon receipt of the renewal application,the City shall publish notice of its receipt and make copies <br /> available to the public. The City, following prior public notice,may hold one or more public hearings <br /> on the renewal application. <br /> tither: <br /> - - - - <br /> (2)Pass a resolution that makes a preliminary assessment that the franchise should not be renewed. <br /> franchisee or on its own initiative, the City will commence proceeding in accordance with Section <br /> --- • . - I . _ .. <br /> A . .• • • . • • <br /> denial of a proposal for renewal that has been submitted in compliance with Subsection(b)of§ 516 <br /> shall be based on one or more adverse findings made with respect to the factors described in § <br /> 516(c)(1)(A) through (D), pursuant to the record of proceedings under § 546(c). The City shall not <br /> • - a : - <br /> franchisee with notice and opportunity to cure, in any case in which it is documented that the City has <br /> City fails to object within a reasonable time after receipt of such notice. <br /> an informal proposal for renewal and shall be governed in accordance with Section 626(h) of the <br /> • a . . - a ; - . - • - •. . . . - - - ' - .. . <br /> implement other procedures under which comments from the public on an informal proposal for <br /> renewal may be received. Following such public hearings or other procedures, the City Commission <br /> shall determine whether the franchise should be renewed and the terms and conditions of any renewal. <br /> E. If the City Commission grants a renewal application,the City and the franchisee shall agree on the <br /> terms of a franchise agreement, pursuant to the procedures specified in § 113 9E through H of this <br /> chapter, before such renewal becomes effective. <br /> F. If renewal of a franchise is lawfully denied,the City may acquire ownership of the cable system or <br /> Any such acquisition or transfer shall be at fair market value, determined on the basis of the cable <br /> system valued as a going concern but with no value allocated to the franchise itself.The City may not <br /> pursuant to § 516(e). <br /> G. If renewal of a franchise is lawfully denied and no appeal to a court is pending, and the City does <br /> the City may require the former franchisee to remove its facilities and equipment at the former <br /> City may have the removal done at the former franchisee's and/or surety's expense. <br /> § 113-23. -Transfer; sale; assignment. Reserved. <br /> A. No transfer of a franchise shall occur without prior approval of the City. <br />