A. Rights to purchase the system.
(1) Pursuant to the Act, the grantor may upon the payment of a fair market valuation lawfully purchase, condemn, acquire, or take over and hold the property and plant of the grantee in whole or in part. If such purchase or taking over be upon revocation of the franchise or at the expiration of the term of the franchise, such valuation shall not include any sum for the value of the franchise or grant under which plant and property is being operated.
(2) The fair market value purchase price shall be determined by the appraisal of two certified appraisers: one appraiser chosen by the City; one appraiser chosen by the grantee. In the event that said appraisers are unable to reach a consensus as to the fair market value purchase price, the appraisers shall submit the question to a third appraiser, chosen by them, whose determination shall be final and binding. The grantor may affirmatively accept the decision of the appraisers within 90 days after the rendering of the appraiser's decision. However, if the grantor fails to accept the appraiser's decision within the aforesaid ninety-day period, the rights of the grantor to purchase shall expire.
B. Right of inspection records. There shall be kept in the grantor's office a separate record for the franchise, which record shall show the things set forth in §§ 166-107 and 166-109.
C. Right of inspection of construction. The grantor shall have the right to inspect all construction or installation work performed subject to the provisions of the franchise.
D. Right of intervention. The grantor shall have the right of intervention in any suit or proceeding relating to this chapter to which the grantee is party, and the grantee shall not oppose such intervention by the grantor.
E. Right to require removal of property. In the event the franchise is revoked or not renewed under the Act, the grantor shall have the right to require the grantee to remove, at its own expense, all aerial portions and exposed apertures of the cable communications system from all streets and public ways within the City.