15.16.020 APPLICATION—NOTICE OF HEARING.

Upon receipt of such application, the Council may pass its resolution declaring its intention to grant the franchise applied for, stating the character thereof, setting forth a notice of the day, hour and the place when and where any and all persons having any objections to the granting thereof may appear before the Council and be heard thereon, and directing the City Clerk to publish such notice at least once, within fifteen days after the passing of such resolution, in a newspaper of general circulation within the City. The time fixed for such hearing shall be not less than twenty, nor more than sixty, days after the date of the passage of such resolution. Such notice shall state that the grantee of such franchise and his or her successors and assigns, will, during the life of franchise, pay to the City the percentage specified in such application, and that the same will be paid annually from the date of the granting of such franchise, and in the event such payment has not been made, such franchise will be forfeited. Such notice shall also designate the term, whether definite or indeterminate, for which the franchise is proposed to be granted.