§ A230-11. Franchise renewal.

This franchise may be renewed upon agreement of the parties and upon a determination by vote of the Town Council, following public hearings, in accordance with the renewal standards set forth in § 626 of the Cable Act. In the event of nonrenewal or termination of the franchise and the Town acquires ownership of or effects a transfer of ownership of the cable system, any such acquisition or transfer shall be in accordance with applicable federal law, in particular § 627 of the Cable Act and subject to the provisions of § 621(b) of the same statute.