Applications for renewal governed by the formal renewal provisions of the Cable Act shall be submitted in accordance with this section. A grantee which intends to exercise rights under 47 U.S.C. § 546(a)–546(g) shall submit a notice in writing to the City in a timely manner clearly stating that it is activating the formal renewal procedures of the Cable Act. At the same time it submits this notice, it shall also submit the required application fee. A grantee which has applied for renewal under the formal renewal provision of the Cable Act shall submit all information requested by the City within the time frame delineated by the City. (Ord. #80-97, S6)