Ordinance - #83-01 - Index for Changes - 01/11/1983 (2)

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I I I ! I I I i I -I outlined above, except that subsequent to the pUblic hearing, should the City fail to approve the change of rates, either City or Grantee may initiate binding arbitration pursuant to Minnesota statutes except as delineated in Article VI, Section 3., D.(k)-(t). Periodic Reviews, Renegotiation and Technological Update of System. The field of cable communications is a relatively new and rapidly changing one which shall no doubt see many re- gulatory, technical, financial, marketing and legal changes during the term of the Franchise. Therefore, in order to provide for a maximum degree of flexibility in this Fran- chise, and to help achieve a continued advanced and modern system, the following renegotiation provisions will apply: (1) City reserves the right to adopt rules and regulations controlling the procedures and subjects for periodic reviews and renegotiation. In the absence of any City action taken to exercise these rights, Grantee shall be subject to at least the procedures and subjects de- scribed in this section. (2) City may require, in its sole discretion, System per- formance evaluation sessions at any time during the term of this Franchise or as required by federal or state law. In addition to these discretionary evalua- tion sessions, regular evaluation sessions shall be conducted by City within 30 days of the third, fifth and eighth anniversary dates of the date of acceptance 49