The City finds that the continuation and development of cable television and communications systems has great benefit and impact upon the residents of West Valley City. Because of the complex and rapidly changing technology associated with cable television, the City further finds that the public convenience, safety and general welfare can best be served by establishing regulatory powers which should be vested in the City or such persons as the City shall designate. It is the City's intent in granting this Franchise to insure that City residents receive a high quality cable television and communications service comparable to the best offered in any surrounding community in Salt Lake County; that any inconvenience to residents in the development and maintenance of the system be minimized; and that the City is properly compensated for the administration of this Franchise and the use of the public facilities permitted by this Chapter. It is the intent of this Chapter and subsequent amendments to provide for and specify the means to attain the best possible public interest and public purpose in these matters, and the Franchise issued pursuant to this Chapter shall be deemed to include this finding as an integral part thereof.