(A) Any grantee granted a franchise under this chapter shall pay to the city, during the life of such franchise, and at the times specified in this section, a sum equal to 5% of the monthly total gross receipts of the grantee as defined in division (G) of § 5-5.02 of this chapter, unless such fee is disapproved by the Federal Communications Commission (FCC), in which case the grantee shall pay such lesser amount authorized by the FCC. Such payment by the grantee to the city shall be in lieu of any occupation tax, license tax, or similar levy and shall be paid semiannually. The amount of the franchise payment shall not be included in the calculation of rate adjustments pursuant to division (B) of § 5-5.08 of this chapter, unless such rate includes the amount of the franchise payment.
(B) The grantee shall file with the city, within 90 calendar days after the expiration of any calendar year during which such franchise is in force, a financial statement prepared by a certified public accountant showing in detail the total gross receipts, as defined in this section, of the grantee and its successors or assigns during the preceding calendar year. It shall be the duty of the grantee to pay to the city within 15 calendar days after the time for filing such statements any unpaid balance for the calendar year covered by such statements.
(C) The city shall have the right of inspection of the grantee's records showing its gross receipts, subject to the provisions of § 5-5.21 of this chapter.
('66 Code, § 5-5.09) (Ord. 590-C-S, passed 9-11-84; Am. Ord. 827-C-S, passed 12-30-91) Penalty, see §§ 1-2.01 et seq.