In the event that a franchise has been revoked or has not been renewed, the Village shall have the option, to the extent then permitted by law, to purchase the tangible assets of the grantee's cable television system previously governed by the franchise at its fair market value, to assign such rights to purchase, or to require removal of all grantee's property located within the public ways of the Village at the grantee's expense. Such an option must be exercised within ninety (90) days from the date of the revocation or expiration of the franchise, the entry of a final judgment by a court reviewing the question of the revocation or expiration, or the entry of a final order upon appeal of the same, whichever is later. (Ord. 98-2054, 9-28-1998)