§ 4. Municipal franchise adjustment fees.

Latest version.

(A)

Grantee shall pay to the city a municipal franchise adjustment fee in an amount equal to four percent (4%) of grantee's annual gross revenues from the system, before taxes, derived from the sales to all consumers for basic and standard cable service including pay per view, pay and al a carte services. Gross revenues shall not include installation, maintenance and service charges and cable advertising revenue Payments shall be made to the City in quarterly installments, payable within 30 days following conclusion of the quarter for which payment is made.

(B)

In addition:

(1)

The city shall have the right to examine and verify from the records of grantee any data relating to the gross revenues of sales subject to municipal franchise adjustment fee; and

(2)

Payment of the MFA fee herein required shall be in lieu of all other charges, licenses, fees or impositions, other than a usual, general or special ad valorem tax which may be imposed by the city under authority conferred by law.

(Ord. No. 479, § 4, 6-11-1998)

                    
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