Consistent with the requirements of Chapter 115, the franchise shall not be construed as any limitation upon the right of the City to grant to other persons rights, privileges, or authorities similar to the rights, privileges, and authorities herein set forth, in the same or other streets, alleys, or other public ways or public places. The City specifically reserves the right to grant at any time during the term of the franchise or renewal thereof, if any, such additional franchises for a cable communications system as it deems appropriate. In the event the City enters into a franchise with any other person or entity other than the Franchisee to enter into the City’s streets and public ways for the purpose of constructing or operating a cable television system to any part of the service area, the material provisions thereof shall be reasonably comparable to those contained herein, taking into account the size and population of the franchised area, including (but not limited to) franchise fees, external costs, access fees, if applicable, design, term, density requirements, and system capacity requirements. In the event that the City grants another cable television franchise, Franchisee may petition the City to modify the terms of this chapter that Franchisee does not believe are reasonably comparable to those of any other franchise. The City shall act on the petition as soon as practicable.