(1) The rights, privileges and collection franchise herein granted shall be considered as a continuing six-year franchise, subject to termination as follows:

(2) Unless grounds exist for suspension, modification or revocation of the franchise under MMC 3.10.120, the franchise granted under this chapter shall be considered as a continuing six-year term. That is, beginning on January 1st of each year, the franchise shall be considered renewed for an additional six-year term, unless at least 30 days prior to January 1st of any year, the City shall notify the franchisee in writing of its intent to terminate the franchise. Upon the giving of such notice of termination, the franchisee shall have a franchise which will terminate six years from the date of the written notice of termination. Further continuing term renewals may be reinstated by the City.

(3) The City shall have the right, at the end of every two-year period, to review any of the terms of this franchise and to work with franchisee to implement the modifications desired by the City (including an adjustment in the franchise fee), taking into account the technological and economical feasibility of such modifications, and allowing compensation to franchisee in the rates for any increased cost of service due to such modifications. (Ord. 98 § 5, passed 8-9-2005)