§ 5-5.28 ACQUISITION OF SYSTEMS.
   Upon the expiration of a franchise, the city reserves to itself the authority to acquire the CATV system. Acquisition shall be at fair market value. If no agreement is reached regarding fair market value, then the matter shall be submitted to binding arbitration pursuant to provisions of state and/or federal laws.
('66 Code, § 5-5.28) (Ord. 590-C-S, passed 9-11-84)