No grant of franchise grant shall in any way, or to any extent, impair or affect the right of the city to acquire the property of the franchisee either by purchase or through the exercise of the right of eminent domain. In the event the city should acquire the physical assets of a system or property held pursuant to a franchise or any portion thereof through voluntary acquisition or through the use of its power of eminent domain, the city shall pay for the fair market value of the facilities and property acquired, and the franchise agreement shall be deemed automatically terminated, but the city shall not pay any additional amount for the value of the franchise itself.
(Ord. 2009-08-1401 § 1(part), 2009)