(a) The grantee shall pay to the Village for the use of the streets and other facilities of the Village in the operation of the cable television system and for the Municipal supervision thereof, during the life of the franchise, a sum equal to three percent of the annual gross revenues of the grantee. The grantee shall file with the Village within thirty days after the expiration of each of the grantee's fiscal quarters a financial statement clearly showing the gross revenues by the grantee during the preceding quarter. Payment of the quarterly portion of the franchise fee shall be rendered to the Village at the time such statement is filed. The grantee shall also file, within ninety days following the conclusion of each fiscal year of the grantee, an annual report prepared and audited by an officer of the grantee showing the yearly total gross revenues, franchise payments made to the Village, and any and further relevant financial information with regard to the grantee as may be required by the Mayor.
(b) In the event the franchise should be terminated or forfeited prior to the end of the basic fifteen-year term, the grantee shall immediately submit to the Village a financial statement prepared as before required showing the gross revenue of the grantee for the time elapsed since the last quarter for which the grantee has paid to the Village the required percentage of gross annual revenues. The grantee shall pay to the Village not later than thirty days following the termination of the franchise a like percentage of such gross revenues.
(c) In the event that any payment is not made on or before the applicable date fixed in subsections (a) and (b) hereof, the grantee shall be subject to the penalty provided for in Section 810.99.
(d) The Village shall have the right to inspect the grantee's records showing the gross revenues from which its franchise payments are computed. The right to audit and recompute any and all amounts paid under the franchise shall be always accorded to the Village. No acceptance of any payment by the Village shall be construed as a release of or an accord or satisfaction of any claim the Village might have for further or additional sums payable under the terms of this chapter or for any other performance or obligation of the grantee hereunder.
(e) Payments of compensation made by the grantee to the Village pursuant to the provisions of this chapter shall be considered in addition to and exclusive of any and all taxes, business license fees, or other levies or assessments which are now or which may hereafter be authorized by the laws of the United States, the State of Ohio, or the Village.
(Ord. 16-80. Passed 5-20-80.)