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Ordinance - #83-01 - Index for Changes - 01/11/1983 (2)
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Ordinance - #83-01 - Index for Changes - 01/11/1983 (2)
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Resolutions & Ordinances
Resolutions or Ordinances
Ordinances
Resolution or Ordinance Number
#83-01 - Index for Changes
Document Date
01/11/1983
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C$ <br /> <br />Em <br /> <br />Fe <br /> <br />(c) One or more arbitrator is unqualified; <br /> <br />(d) Designated time limits have been exceeded; <br /> <br />(e) The arbitrators have not proceeded expeditiously; <br /> or <br /> <br />(f) Based upon the record the arbitrators abused their <br /> discretion. <br /> <br /> (8) In the event a Court of competent jurisdiction deter- <br /> mines the arbitrators have abused their discretion, it <br /> may order the arbitration procedure repeated and issue <br /> findings, orders and directions, with costs of suit to <br /> be awarded to the prevailing party. <br /> <br /> (9) Cost of arbitration shall be borne equally. <br /> <br />In the event of forfeiture, revocation or termination, the <br />purchase price of the System shall be the fair market value <br />of material and equipment in place. Good will shall not be <br />included in the purchase price of the System. <br /> <br />In the event City is purchasing upon normal expiration of <br />the Franchise, the purchase price shall be the value of an <br />ongoing business. <br /> <br />Grantee expressly waives its rights, if any, to relocation <br />costs that might otherwise be provided by law. <br /> <br />The date of valuation shall be no earlier than the day fol- <br />lowing the date of revocation, forfeiture, expiration or <br />termination of this Franchise and no later than the date <br />City makes a written offer for the System. <br /> <br />73 <br /> <br /> <br />
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