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subject matter hereof. The City shall have the right to adopt, from time to time, such ordinances <br />as may be deemed necessary in the exercise of its police power; provided that such hereinafter <br />enacted ordinances shall be reasonable and not materially modify the terms of this Franchise. <br />Any conflict between the provisions of this Franchise and any other present or future lawful <br />exercise of the City's police powers shall be resolved in favor of the latter. <br />2.6 Competitive Equity <br />(A) The Grantee acknowledges and agrees that the City reserves the right to grant one <br />(1) or more additional franchises or other similar lawful authorization to provide Cable Services <br />within the City. If the City grants such an additional franchise or other similar lawful <br />authorization containing material terms and conditions that differ from Grantee's material <br />obligations under this Franchise, then the City agrees that the obligations in this Franchise will, <br />pursuant to the process set forth in this Section, be amended to include any material terms or <br />conditions that it imposes upon the new entrant, or provide relief from existing material terms or <br />conditions, so as to insure that the regulatory and financial burdens on each entity are materially <br />equivalent. "Material terms and conditions" include, but are not limited to: Franchise Fees and <br />Gross Revenues; insurance; System build -out requirements; security instruments; Public, <br />Education and Government Access Channels and support; customer service standards; required <br />reports and related record keeping; competitive equity (or its equivalent); audits; dispute <br />resolution; remedies; and notice and opportunity to cure breaches. The parties agree that this <br />provision shall not require a word for word identical franchise or authorization for a competitive <br />entity so long as the regulatory and financial burdens on each entity are materially equivalent. <br />Video programming services (as defined in the Cable Act) delivered over wireless broadband <br />networks are specifically exempted from the requirements of this Section. <br />(B) The modification process of this Franchise as provided for in Section 2.6 (A) shall <br />only be initiated by written notice by the Grantee to the City regarding specified franchise <br />obligations. Grantee's notice shall address the following: (1) identifying the specific terms or <br />conditions in the competitive cable services franchise which are materially different from <br />Grantee's obligations under this Franchise; (2) identifying the Franchise terms and conditions for <br />which Grantee is seeking amendments; (3) providing text for any proposed Franchise <br />amendments to the City, with a written explanation of why the proposed amendments are <br />necessary and consistent. <br />(C) Upon receipt of Grantee's written notice as provided in Section 2.6 (B), the City <br />and Grantee agree that they will use best efforts in good faith to negotiate Grantee's proposed <br />Franchise modifications, and that such negotiation will proceed and conclude within a ninety <br />(90) day time period, unless that time period is reduced or extended by mutual agreement of the <br />parties. If the City and Grantee reach agreement on the Franchise modifications pursuant to such <br />negotiations, then the City shall amend this Franchise to include the modifications. <br />(D) In the alternative to Franchise modification negotiations as provided for in <br />Section 2.6 (C), or if the City and Grantee fail to reach agreement in such negotiations, Grantee <br />may, at its option, elect to replace this Franchise by opting into the franchise or other similar <br />10 <br />CITY OF LOUISVILLE — COMCAST <br />Franchise 2015 <br />