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If, considering the factors set forth above, the City determines that a franchise should issue to an applicant, the City may promptly prepare a final franchise agreement for approval and signature by the applicant and the City. In addition to other matters that may or must be addressed therein consistent with the Cable Act, the franchise agreement shall specify (1) the franchise area for which the franchise is awarded, and the terms and condition under which the grantee must extend service to persons within that franchise area; (2) the term of the franchise; (3) requirements for cable system design and performance; (4) equipment and facilities requirements; and (5) requirements related to channels, facilities, and equipment for PEG access and community use (including institutional uses). The franchise area may be larger, smaller, or the same as the franchise area identified by the grantee. No franchise shall be effective or shall issue until the applicant has entered into a franchise agreement with the City, the franchise agreement has been approved by the City, and the grantee has filed an unconditional acceptance of the franchise in a form acceptable to the City Attorney. (Ord. #80-97, S6)