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II <br />I! <br />II <br />!1 <br />II <br />II <br /> <br />il <br />II <br /> <br />il <br />[ <br />[ <br />! <br />[ <br />il, <br />I <br /> <br />Ce <br /> <br /> it determines that a sale or transfer of Franchise may ad- <br /> versely affect the Grantee's subscribers. <br /> <br /> Unless otherwise already provided for by local law, notice <br /> of any such hearing shall be given 14 days prior to the <br /> hearing by publishing notice thereof once in a newspaper of <br /> general circulation in the City. The notice shall contain <br /> the date, time and place of the hearing and shall briefly <br /> state the substance of the action to be considered by City. <br /> Within 30 days after the public hearing, City shall approve <br /> or deny in writing the sale or transfer request. <br /> <br />Any sale or transfer of Franchise, including a sale or <br />transfer by means of a fundamental corporate change, re- <br />quires notification to the Board by City. The notification <br />shall be accompanied by the written certification of the <br />transferee that it meets all of the requirements established <br />by City for original Grantee including but not limited to <br />technical ability and financial stability. City shall cause <br />to be sent to the Board at Grantee's expense a copy of all <br />public documents related to sale or transfer of the Fran- <br />chise. <br /> <br />The parties to the sale or transfer of only this Franchise, <br />without the inclusion of the System in which at least sub- <br />stantial construction has commenced, shall be required to <br />establish to the sole satisfaction of City that the sale or <br />transfer of only this Franchise is in the public interest. <br /> <br />For purposes of this section, fundamental corporate change <br />means the sale or transfer of a controlling interest in the <br /> <br />75 <br /> <br /> <br />