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ORDINANCE NO. 6470 <br /> <br />AN ORDINANCE OF THE CITY OF RIVERSIDE, CALIFORNIA, GIVING ITS <br />CONSENT TO THE TRANSFER OF FRANCHISE RIGHTS GRANTED TO <br />YELLOW CAB OF RIVERSIDE COUNTY, INC. BY ORDINANCE NO. 6243 AND <br />TRANSFERRING SUCH FRANCHISE RIGHTS AND OBLIGATIONS TO YELLOW <br />CAB OF RIVERSIDE COUNTY, INC. UNDER NEW OWNERSHIP AND <br />EXTENDING SAID FRANCHISE TO MARCH 1, 2000. <br /> <br />1 <br /> <br />2 <br /> <br />3 <br /> <br />4 <br /> <br />5 <br /> <br />6 The City Council of the City of Riverside, California, does ordain as follows: <br />7 Section 1: CONSENT TO TRANSFER. <br />8 Consent is hereby granted to Yellow Cab of Riverside County, Inc., a California <br />9 corporation, to transfer the Franchise rights and obligations granted to it by Ordinance No. 6243 <br />10 ("Franchise") to Yellow Cab of Riverside County, Inc., a Califomia corporation, under new <br />11 ownership. Said Franchise was originally granted to Riverside Taxicab Company by Ordinance No. <br />12 6153. <br />13 Section 2: FRANCHISE GRANT. <br />14 The Franchise and such associated rights and obligations and responsibilities granted to <br />15 Yellow Cab of Riverside County, Inc., by Ordinance No. 6243 are hereby transferred to Yellow Cab <br />16 of Riverside County, Inc., under new ownership for the remaining period of the Franchise, which <br />17 Franchise is scheduled to expire on the 30th day of June, 1999, unless previously terminated under <br />18 the terms of the Franchise. Further, Yellow Cab of Riverside County, Inc., is authorized to allow <br />19 operation of Bell Cab vehicles in the City of Riverside as part of the Yellow Cab fleet under the <br />20 condition that the Bell Cabs are operated under the direct supervision and control of Yellow Cab of <br />21 Riverside County, Inc., and that they meet the standards required by the Yellow Cab Franchise. No <br />22 Franchise interest or right is conveyed to Bell Cab by this Ordinance. <br />23 Section 3: TERM EXTENSION. <br />24 The term of the taxi Franchise as granted by Ordinance No. 6153 and as previously <br />25 transferred by Ordinance No. 6243 is hereby extended to March 1, 2000. <br />26 Section 4: ACCEPTANCE OF FRANCHISE. <br />27 The granting of the transfer of the Franchise is conditional upon Yellow Cab of Riverside <br /> <br />City Attorney's Office <br />3900 Main Street <br />Riverside, CA 92522 <br />(909) 782-5567 <br /> <br /> <br />