<div class="chunk-title">Sec. 5-52. - Purchase option.</div>
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            <p class="incr0">
               (a)
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            <p class="content1">
               At the expiration of the stated term of his franchise, the franchisee shall be given
               an opportunity to continue in business. The county agrees that the franchisee may
               apply for a new franchise within 90 days of the 15th anniversary of this franchise.
               If a new franchise is not granted to the franchisee, or if the franchise is terminated
               at any time, the rights of the parties shall be as follows:
               </p>
            		
            <p class="incr1">
               (1)
               </p>
            		
            <p class="content2">
               The franchise may continue to operate the system until a sale is closed to a valid
               franchisee. The county shall have the right of first refusal to purchase the system
               at fair market value as a going concern which sale value shall be determined consistent
               with generally accepted appraisal and accounting principles. Fair market value as
               a going concern shall be established by the average appraisal evaluation of three
               appraisers of whom one appraiser shall be chosen by franchisee, one by the county,
               and one by the two designated appraisers. The county shall retain its right of eminent
               domain.
               </p>
            		
            <p class="incr1">
               (2)
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            <p class="content2">
               If the county elects not to purchase the system, then the franchisee shall have the
               right and privilege to continue operating the system pursuant to the franchise agreement
               on the same terms and conditions therein for a period of three years during which
               time the franchisee shall use all reasonable effort to find a bona fide purchaser
               for the system at fair market value as a going concern; such purchaser to be approved
               by the county and have in hand a franchise prior to closing.
               </p>
            		
            <p class="incr0">
               (b)
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            <p class="content1">
               The franchisee shall furnish evidence to the county board of commissioners of intervals
               of not less than 90 days of its efforts to negotiate a sale.
               </p>
            		
            <p class="historynote0">
               (Ord. of 4-2-84, art. V, Â§ 7)
               </p></div>