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Prior written approval of the City Council shall be required before a franchise is assigned or transferred, either in whole or in part, or leased, sublet, or disposed of in any manner, directly or indirectly, either by forced or involuntary sale, voluntary sale, merger, consolidation or otherwise; and before title thereto, either legal or equitable, or any right, interest, or property therein, passes to or vests in any person or persons. A change in control of a grantee or any person that manages, owns, or controls the grantee is a transfer within the meaning of this section. (Ord. #80-97, S24)