7-5   SELECTION OF FRANCHISEE.
   In selecting a franchisee pursuant to this Ordinance, the Authority shall prepare specifications containing, among other things, detailed information and instructions relating to the preparation and filing of franchise applications, including, but not limited to: financial, legal and technical stability to construct, operate, and maintain a cable system; description of all previous experience with providing cable service; a detailed and complete financial statement; and other information as determined by the Authority. An application must be filed with the Authority in compliance with all Authority guidelines for the granting of a new franchise. All applications shall be made available for public inspection, subject to appropriate confidentiality regulations.
   After evaluating any applications and considering the legal, technical, financial and other qualifications of the applicants and the public interest, the Authority may grant one or more nonexclusive franchises or may refuse to grant a franchise to any applicant.