CHAPTER 8A. CABLE COMMUNICATIONS SYSTEM.
Sec. 8A.080. Franchise payments.
(a) In consideration of the granting and exercise of a franchise to use
the streets for the operation of a cable communications system, grantee shall
pay to the city, during the life of the franchise, a percent of grantee's gross
revenues per year from all cable services in the community as fixed by the city
in its ordinance granting a franchise, but subject to any limitation imposed by
state or federal law.
(b) The percentage payments shall be made in
accordance with the provisions set forth in the franchise ordinance or agreement
between grantor and grantee granting a franchise.
(c) No acceptance of any
payment shall be construed as a release or as an accord and satisfaction of any
claim the city may have for further or additional sums payable under this
chapter or for the performance of any other obligation hereunder.
(d) In the
event that the payment required by this section is not received by the city
within the specified time, grantee shall be required to pay to the city an
additional charge for interest in an amount as set forth in the franchise
ordinance or agreement between grantor and grantee granting a franchise. (Ord.
No. 1097, § 1 (part).)