§ 15-58. Transfer of ownership to county.

(a)

If the county acquires ownership of the system in accordance with federal law and the provisions of this article, the grantee shall, upon receipt of the purchase price, immediately transfer to the county possession and title to all facilities and property, real and personal, related to its cable television system free from all encumbrances which the county has not agreed to assume.

(b)

Until the grantee transfers to the county or to a new grantee possession and title to all assets related to its cable television system, the grantee shall, as trustee for its successor in interest, continue to operate the cable television system under the terms of the franchise and to provide all of the services provided at the time of the transfer. During such interim period, the grantee shall not sell any of the system assets nor shall the grantee make any material physical, administrative or operational change that might degrade the quality of service to the subscribers, decrease income or materially increase expenses without the permission of the county or its assignee.

(c)

As compensation for its management services during this interim period, the grantee shall be entitled to receive the net profit generated during the period between the date the grantee received written notice from the county of its intent to purchase the grantee's cable television system or the expiration date of the franchise, whichever is earlier, and the payment of the purchase price. The management services shall not be continued without grantee's consent for more than 12 months. However, if the board determines that the grantee is solely responsible for any unreasonable delay in transfer of ownership and control, the grantee shall continue to operate the cable television system without compensation for its services until the sales agreement is executed and ownership and control passes to the county or its assignee.

(Code 1978, § 7-18)

(Code 1978, § 7-18)