96-051 Ordinance - Laserfiche WebLink

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Authority shall have the authority, with ninety (90) days notice, to increase the franchise fee to the maximum rate allowable if the Issuing Authority has and exercises the authority to similarly and simultaneously increase the franchise fee imposed on all cable television franchisees operating within the Franchise Area. Payment reflecting the quarterly portion of the franchise fee shall be rendered to the City at the same time the required revenue statement is filed. 6. The GRANTEE shall also file, within (90) ninety days following the conclusion of each fiscal year of this Agreement, an annual report prepared and audited by an officer of the GRANTEE showing the total gross revenues. This required financial statement shall contain a satisfactory and clear explanation including detailed footnotes, which show in detail the total gross revenues of the GRANTEE. This annual report shall also satisfactorily detail any and all franchise payments made to the City for the total annual period of time and any further relevant financial information with regard to the GRANTEE as may be reasonably required by the Mayor. C. In the event this franchise should be revoked, terminated or forfeited prior to the end of the term of this franchise, the GRANTEE shall submit to the city a financial statement providing a satisfactory and clear explanation showing in detail the total gross revenue of the GRANTEE for the period of time which has elapsed since the last quarter for which the GRANTEE has paid to the City the required franchise fee payment percentage of gross annual revenues. The GRANTEE shall provide such required financial statement within thirty (30) calendar days following the revocation, termination or forfeiture of the franchise. The GRANTEE shall pay to the City at the same time such similar statement is required, all franchise fees due and owing to the city, along with any other funds not considered a franchise fee as defined herein, which are due and owing to the City. D. The term "FRANCHISE FEE" for the purpose of this Agreement does not include: Any tax, fee or assessment of general applicability (including any such tax, fee or assessment imposed on both utilities, system . operators, cable operators or their services but not including a tax, fee or assessment which is unduly discriminatory against Cable Operators or cable Subscribers); - 2. In the case of this franchise, any and all costs or payment of any sort or description which shall be paid by the GRANTEE in support of the use of Peg Access Channels, Peg Access programming, Peg Access Equipment, educational or governmental access and services and equipment required by this Agreement. 26