A. Amount of Franchise Fee. The city council may fix and determine in the ordinance granting the franchise the amount of a franchise fee which shall be paid to city by grantee. Such amount may be based on a fixed fee basis or upon a gross annual receipts basis.
B. Acceptance by City. The acceptance of a franchise fee payment by the city shall not be construed as a release or as an accord and satisfaction of any claim the city may have for further or additional sums payable as a franchise fee under this chapter or for the performance of any other obligation of the grantee.
C. Failure to Make Required Payment. In the event that any franchise fee payment is not made on or before the date specified in the ordinance granting the franchise, the grantee shall pay a late fee and/or interest as set forth in the ordinance granting the franchise.
D. Payments. The manner and time for payment of the franchise fee shall be set forth in the ordinance granting the franchise.
(Ord. 2107 §1)