In the event of termination or revocation of a license, the licensee involved shall offer to sell the cable system, at the fair market value, to another licensee or applicant for a license.
A. The fair market value shall be determined in accordance with generally accepted appraisal procedures.
B. The original cost of all tangible and intangible property, as well as salvage value, book value, replacement cost, cash flow, and other factors will be considered.
C. Under no circumstances shall any valuation be made for any right or privilege granted by license.
D. Should the licensee fail to negotiate a sale, as described in this section, the county may purchase the system at the fair market value for superpose of leasing to a qualified operator until a buyer can be found.
(Ord 1997-17 § 2, 1997; Prior code § 19.08.030(D))