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COUNCIL MEETING <br />November 24, 1986 <br />issued by the Grantee attributable to.the gas distribution system <br />in the City, plus the amount of any contract demand costs <br />allocable to the Grantee's gas distribution system in the City <br />that Grantee is unable to eliminate. The entire purchase price <br />shall be paid at the time of closing. If the Grantee and the <br />City cannot agree on the terms and conditions of any purchase by <br />the City pursuant to this Section 5, either the Grantee or the <br />City may proceed to arbitration pursuant to Section 13 of this <br />ordinance. <br />5.5. Eminent Domain. The provisions of this Section 5 are <br />intended to supersede any right or authority possessed by the <br />City under statutory, constitutional, common or other law to <br />acquire any part or all of Grantee's gas distribution system in <br />the City, and are intended to supersede any method of determining <br />the terms and conditions of any such acquisition. The City <br />hereby waives any such right or authority of eminent domain with <br />respect to the gas distribution system of the Grantee within the <br />City. <br />5.6. Right of First Refusal. In the event that, at any <br />time after any purchase by the City of all or any part of the <br />C::antee's gas distribution system in the City, the City desires <br />to sell or transfer all or any part of the gas distribution <br />system formerly owned by the Grantee, and the City receives an <br />offer to purchase all or any part of any gas distribution system <br />then owned by the City, which offer includes all or any part of <br />the gas distribution system formerly owned by the Grantee, the <br />City shall, within ten days after receipt of said offer, offer in <br />1 <br />