The franchise and rights herein granted shall be in full force and effect from and after June 1, 2003, for a term of five years, until June 1, 2008, subject to earlier termination as provided in GMC 5.06.240 below. The renewal of any franchise to operate a CATV System in the Town may be renegotiated at the end of the franchise. (Ord. 292-N, §1, 2003; Ord. 258-N, §1, 1998)