No franchise granted pursuant to the provisions of this chapter shall become effective unless and until the franchise has been accepted by the grantee. Either before the franchise is presented to council or within sixty days after the effective date of the ordinance or other city action granting a franchise, or within such extended period of time as may be authorized by the city, the applicant shall file written acceptance of the franchise in a form satisfactory to the city attorney, together with the bonds, certificate(s) of insurance policies, and security fund required by this article. Acceptance of a franchise shall consist of executing the written agreement granting the franchise and returning said franchise to the city within the period of time specified herein. (Ord. 009/2022 § 3 (Exh. A))