(a) The City hereby establishes a VSP fee that is calculated by applying a VSP fee percentage of one percent (1%) to the video service provider's gross revenues. The VSP percentage and gross revenue definition established in this section shall apply equally to all video service providers and cable television operators providing video service in the City.
(b) The VSP fee shall be paid by each video service provider providing service in the City on a quarterly basis but not sooner than 45 days nor later than 60 days after the end of each calendar quarter.
(c) The Mayor is authorized and directed to provide any video service provider with notice of the VSP fee percentage and gross revenues definition as determined by this Council above, which notice shall be given by certified mail, upon receipt of notice from such video service provider that it will begin providing video service in the City pursuant to a State-issued video service authorization.
(Ord. 7-14. Passed 3-4-14.)