Where a contract or franchise has been entered into between the City and an operator and the operator has satisfactorily performed under such contract or franchise, the City Council, without inviting bids or proposals therefor, may, either prior to or after the expiration of such contract, extend or renew the same upon the same conditions or such other conditions as the City Council may provide. The City Council shall, however, whether considering a contract or a franchise, follow the procedures established by Article XII of the Charter for notice and hearing. (Ord. 2740 § 1, 1998).