5.28.550 Authority to purchase system.

   The cable television commission shall have the right to purchase real and personal property as described by Section 5.28.560 of this chapter, which is owned or in which an interest is held by the franchisee, any parent company of the franchisee, any subsidiary of the franchisee or any other entity in which the franchisee, its parent company or its subsidiary has a financial interest and which is utilized to provide service under the franchise. Such right shall not arise except and shall be exercisable under the following circumstances:

   A.   In the event of termination of a franchise in advance of the expiration of its term pursuant to the provisions of Sections 5.28.1860 through 5.28.1900 of this chapter;

   B.   At the expiration of the term of a franchise, if the franchise is not renewed to the franchisee by the commission pursuant to the provisions of Sections 5.28.470 through 5.28.530 of this chapter. (Prior code § 20.03.240)