The Township finds that the streets and public
rights-of-way of the county, state, and Township 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.