The city council may, by ordinance adopted in accordance with Sections 46, 51 and 75 of the City Charter, and based upon findings that the benefits to the public of doing so outweigh the potential benefits to the public of following the competitive bidding procedure in Section 8.16.070, enter into a franchise agreement without a competitive bidding process for the exclusive right, as the official garbage and rubbish collector of the city, to collect and dispose of garbage and rubbish within the city in accordance with the provisions of this chapter for a period not to exceed fifteen years, subject to the rights of holders of permits granted by the city council pursuant to Section 8.16.120 and the rights of nonexclusive debris box franchisees pursuant to Section 8.16.115. (Ord. 2421 NCS §2, 2011.)