In the event the City elects to purchase a Grantee's Cable Television System in accordance
with the provisions of Section 25.10E or 25.10F, or any of its assets, and the value
therefor cannot be agreed upon, said value shall be determined by a panel of professional
appraisers. The panel shall be composed of one appraiser chosen by the City, one appraiser
chosen by the Grantee, and a third appraiser chosen by the first two. The expenses
of the appraisal, including the fees of the appraisers, shall be borne by the parties
in such equitable manner as the appraisers provide in their decision, based upon the
appraised value as compared to the values determined by the parties prior to the appraisal.
The appraisal hearing shall take place in the City, unless otherwise agreed to by
the parties in writing.
(Ord. of 1-7-1985, Doc. #19125; Ord. of 9-23-1996, Doc. #29666)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
