§ 138-59. Term of franchise.

Latest version.

A.
The term of an initial MCS franchise, other agreement, license or permit shall be no more than 10 years from the date that a franchise, other agreement, license or permit is approved by the Town Board, and is executed by an authorized individual of the Town and the affected MCS provider and is approved by the PSC, absent the demonstration of the need for a longer term for financial reasons.

B.
The term of a renewal franchise, other agreement, license or permit shall be for a period not less than 3 1/2 years, nor more than as permitted by the PSC, from the date that a franchise, other agreement, license or permit renewal agreement is both approved by the Town Board, and executed by both the Supervisor and the affected MCS provider, and is approved by the PSC. In the event the PSC does not establish a maximum term for a renewal, such maximum term shall be no more than 10 years, absent the demonstration of the need for a longer term for financial reasons.

                    
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