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Section lO.O~Ji Po~er of Regulation Reserved. Subject to any applicable state <br />:tatutes, the co~cillmay by ordinance reasonably regulate and control the exercise <br />of any franchise, iinc~uding the maximum rates, fares, or prices to be charged by <br />the grantee. Ho franchise, value shall be included in the valuation of the grantee's <br />property in r-', ,~,ting utility rates, fares, or prices under any applieab~.~' :'-~( <br />or municipal la~.~I, or ~regulation, or in proceedings for municipal aquisition of the <br />grantee's proper~ byl purchase or eminent domain. <br /> <br /> Section 10.05~ R°newals or Extensions. Every extension, renewal, or modification <br />of any e~:isting 'f~an~hise, or of any franchise granted thereafter, shall be subject <br />to the same lim~tStidns and shall be granted in the same manner as a new franchise. <br /> <br />pg. 1 0-2/7 <br /> <br /> <br />