§ 30-51. Rights reserved to grantor.

(a)

Right to purchase the system. Upon termination by grantor of any franchise granted hereunder for cause, the grantor may elect to acquire ownership of the franchised wireline telecommunications system. In such event, the purchase price shall not include any sum for the value of the franchise, and the equipment and plant shall be valued according to the net book value of initial cost less depreciation and salvage. Additionally, grantor may, in any lawful manner and upon the payment of fair market value lawfully ascertained, purchase, condemn, acquire, take over and hold the equipment and plant of the grantee, in whole or in part, through the exercise of its powers of eminent domain. In such event, the actions of the grantor and the grantee shall be governed by state law.

(b)

Right to require removal of property. At the expiration or termination of any franchise the grantor shall have the right to require the grantee to remove, at its own expense, all portions of the telecommunications system from all public property and rights-of-way within the city.

(M.C.S., Ord. No. 17,560, § 1, 6-6-96)