With respect to any proceeding in which the arbitration panel makes valuation determinations
in advance of the termination or expiration of the franchise, the same panel shall
be available to receive and determine values for any additions to, replacements of
or other acquisitions of property tentatively elected to be purchased which have occurred
subsequent to the award made pursuant to section 90-151, above[.] Such determinations shall be initiated by written notice mailed to the
arbitration panel by the franchisee and filed with the clerk of the board of directors
of the cable television commission, shall be governed by all standards, procedures
and other provisions in section 90-145 through this section, and written recital thereof shall be mailed to the franchisee,
commission and its assignee (if any) not later than 90 calendar days following the
date of mailing of the notice initiating the determination. No such notice shall be
mailed or filed later than 120 calendar days prior to the date of expiration or termination
of the franchise.
