(a) Ten (10) Year Term; Renewal. This Agreement shall be effective for a term beginning on the effective date and ending ten (10) years after the effective date. Thereafter, this Agreement will automatically renew for up to two (2) additional four (4) year terms, unless either party notifies the other party of its intent to terminate the Agreement at least one hundred and eighty (180) days before the termination of the then current term. The additional terms shall be deemed a continuation of this Agreement and not as a new franchise or amendment.

(b) Renegotiation. Upon written request of either the City or Grantee, this Agreement shall be renegotiated at any time upon any of the following events: changes in federal, state, or local laws, regulations, or orders that materially affect any rights or obligations of either the City or Grantee, including but not limited to the scope of the franchise granted to Grantee or the compensation to be received by the City hereunder.

(c) Amendment. Amendments, if any, shall be made by franchise ordinance. This Agreement shall remain in effect according to its terms, pending completion of any review or renegotiation provided by this section.

(d) Extension of Termination Date. In the event the parties are actively negotiating in good faith a new franchise agreement, the parties by written mutual agreement may extend the termination date of this Agreement to allow for further negotiations. Such extension period shall be deemed a continuation of this current Agreement and not as a new contract franchise ordinance or amendment. (Ord. 20044 § 13, 12-20-16.)