The rights and privileges granted by this subchapter are granted upon the conditions herein contained and also upon the following considerations and conditions, to wit:
(A) In consideration of the rights and privileges herein granted, the utility shall pay to the City a franchise fee in the amount of 5% of the gross revenue as defined herein;
(B) The fee required by this subchapter shall be paid to the City in quarterly installments, based on a written statement of the utility verifying the amount of gross receipts for the three month periods ending September 30, December 31, March 31, and June 30 shall be made to the City within 30 days; and
(C) Gross revenue, as used in this subchapter, shall be deemed to include any revenue earned within the City from the service fees charged for the provision of water services.
(Ord. 655, passed 6-6-2018)