The township finds that the streets and public
rights-of-way of the county, state and township together, with township
services such as police, fire, etc. to be used by a franchisee for
the operation of a cable television system, are valuable public property
acquired and maintained by the county, state and township at great
expense to the taxpayers. The township further finds that the grant
of a franchise to use streets and public rights-of-way is a valuable
property right without which a franchisee would be required to invest
substantial capital.