§ A210-17. Grantee right and condition of sale.

If the franchise is revoked for cause and if the Borough elects not to exercise its option to purchase, the grantee shall have the right, within 120 days thereafter, to obtain a purchaser acceptable to the Council as a grantee and to sell and transfer the same and all of the system's assets to such purchaser for an amount not to exceed fair market value. The Borough reserves the right to reject any proposed grantee which it feels is unqualified and to amend any and all of the franchise terms as it finds appropriate for such new franchise. The grantee shall first meet the requirements set forth in § A210-15A(1) through (4).