§ 4.12.02. Tax imposed upon Southwestern Bell Telephone Company.

There is hereby levied and the telephone company shall pay to the city a franchise fee in the sum of twenty thousand dollars ($20,000.00) or an amount equal to 7.32 percent of the telephone company's gross residential and commercial telephone revenues as paid to it during the prior calendar year by residential and commercial customers located within the corporate limits of the city whichever is greater.

Payments to the city by the telephone company for the franchise fee as provided for in section 4.12.01 hereof shall be made monthly by the 15th day of each month covering the preceding calendar month.

The city recognizes and accepts the purpose and results of an order of the state public service commission entered on December 10, 1957, in Docket U-1281 relating to the treatment by the telephone company of all fees. In so recognizing, the city expects that the franchise fee, together with costs of collection thereof, provided for by section 4.12.01 hereof, may be passed on to the customers of the telephone company in keeping with the provision of the said order of the state public service commission.

( Ord. No. 2004-21, § 3 ; Ord. No. 2004-21, § 4 ; Ord. No. 2004-21, § 5 )