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herein. Except as stated herein, the terms and conditions of the franchise shall continue in full force a,,~ ,~r~,~,,t The C4ty waives any right to acquire the assets of the eable ss~/em which it may t. under the franchise as a result of the franchise transfer. SECTION 2. CLOSING. The transfer must close by March 30, 1997, in accordance with the Asset Exchange Agreement dated December 20, 1995, as amended, and a sworn statement establishing that such closing has occurred must be filed by Continental and TCICP with the City Clerk by April 15, 1997. Any transfer closing subsequent to March 30, 1997, shall require a new request for consent. If the transfer does not close by March 30, 1997, and/or if the aforesaid sworn statement is not filed with the City Clerk by April 15, 1997, then the request for consent to the transfer shall be deemed denied as of the effective date of this Ordinance. Upon the filing of the required sworn statement, the City releases Continental from all obligations under the franchise that accrue on or after the date of closing of the transfer, but not from obligations which accrued prior thereto (which shall include franchise fee obligations on revenues for services provided before the closing date). SECTION 3. REVOCABILITY. The franchise shall be subject to revocation in the event any representation made or information provided by Continental, CCM, TCICP, or Heritage in connection with obtaining this ordinance proves to be materially and intentionally false. SECTION 4. REGULATIONS. Customer Service Regulations attached incorporated into the City Code. The Cable Television Consumer Protection and hereto as Exhibit B are hereby adopted and shall be SECTION 5. EXTENSION OF FRANCHISE TERM. Subjecttotheconditionssetforth herein, the term of the cable television franchise granted by the City to Continental is hereby extended so as to expire at 11:59 p.m. on June 23, 1997. SECTION 6. EMERGENCY CLAUSE: EFFECTIVE DATE. This is an emergency ordinance. An emergency exists because federal law limits the amount of time under which the City can consider the request for consent to franchise transfer and the City's next City Council meeting is beyond the time limit This Ordinance shall take effect and be in full force and effect from and after its passage as provided by law. PASSED this 19thday of August ,1996. ATTEST: City Clerk