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Ordinance and the Franchise Agreement for all purposes, including renewal, unless the City Council approves a modification of the Franchise Agreement pursuant to Section 4(e) in conjunction with its approval of the Franchise Transfer, in which case the proposed transferee's agreement shall refer to the Franchise Agreement as so modified. 5. Approval Does Not Constitute Waiver. Approval by the City Council of a Franchise Transfer does not constitute a waiver or release of any of the rights of the City under this Ordinance or a Franchise Agreement, whether arising before or after the date of the Franchise Transfer; however, upon approval of a Franchise Transfer, the former Franchisee shall be released from prospective liability under the Franchise. G. Filing Fees and Deposits. To be acceptable for filing, an application under this Section 4 shall be accompanied by a filing fee in the following amounts to cover the City's internal administrative costs incidental to the franchising process: (1) For an initial Franchise $4,000.00 (2) For renewal of a Franchise $4,000.00 under 47 U.S.C. § 546 (a)-(g) (3) For renewal of a Franchise under $2,000.00 47 U.S.C. § 546(h) (4) For modification of a Franchise Agreement: $2,000.00 (5) For approval of a Franchise Transfer: $2,000.00 H. Public Proceedings. These fees will increase at the rate of three percent (3%) annually on each January 1, beginning in the year 2.Q0ga,~,~ ~. An applicant shall be notified of any public proceedings held in connection with the evaluation of its application and shall be given an opportunity to be heard thereat. Notice of all public proceedings of the City shall be published and posted in accordance with its usual practices. 25