Except as hereinafter provided, any franchise issued pursuant to the provisions of this chapter shall be subject and subordinate during its term to exercise of the police powers for protection and promotion of the public health, safety and welfare through amendment of this chapter as authorized by Section 5.28.140 of this chapter. In the absence of an emergency, and without the consent of the franchisee, the following provisions of this chapter shall not be altered or repealed as applied to a franchise for which a certificate of acceptance has been filed in compliance with the provisions of Section 5.28.440 of this chapter in advance of the effective date of the alteration or repeal:
B. The right to receive compensation for acquisition by the cable television commission or its assignee of any of a franchisee's property utilized in the performance of services under the franchise in accordance with the valuation standards prescribed by Sections 5.28.580 and 5.28.590 of this chapter;