The property which is subject to purchase by the cable television commission shall consist of the following:
A. The cable television system;
B. Land, buildings and other improvements situated within the Sacramento community and utilized by the franchisee to provide services under the franchise, including studio facilities;
C. Cameras and other studio production equipment; mobile production equipment; vehicles for services and repairs; inventories of materials, supplies and parts; tools; and other personal property utilized within the Sacramento community to provide services under the franchise and which the board of directors determines is peculiarly designed for that purpose; and
D. Books, accounts and records relating to the franchisee's business, including subscriber lists.
There shall be excluded from the purchase any parcel of land and improvements or leasehold space which is utilized exclusively for business office purposes and not, for example, jointly for both business office and studio, warehousing or repair purposes associated with the operation of the cable television system.
Notwithstanding any provision to the contrary, the board of directors of the commission, in its sole discretion, shall have the right to exclude from the purchase any real property (including improvements thereon) upon which no component of the cable television system is situated and which the board determines is not essential to the system or the provision of services thereunder. (Prior code § 20.03.242)