§ 4.28.12. Payment to city.

The company shall pay to the city in consideration of this franchise an annual amount equal to five percent of its gross revenues derived from retail subscribers of its IP enabled voice and data consumer services who are located within the corporate limits of the city. The company may, to the extent allowed by law, bill its subscribers within the corporate limits of the city such franchise fee and reflect such charge on its invoices to subscribers within the corporate limits of the city. The payments required by this section shall be due quarterly, with respect to the previous year's revenues, throughout the term of this franchise. The first payment under this franchise agreement shall be for company's prior years utilizing city rights-of-way before execution and acceptance by the company of this franchise.

( Ord. No. 2015-42 , § 12, 11-17-2015)