(a) No acceptance of any payment shall be construed as an accord that the amount paid is in fact the correct amount, and all amounts paid shall be subject to audit and recomputation by either the City or the grantee for a period of eighteen months after receipt of an independent audit verifying such payment thereof. A copy of any outside audit of the grantee at the grantee's expense shall be provided to the City within sixty days of receipt.
(b) The City shall have the right, at its expense, to secure an audit of the payments made hereunder and the grantee agrees to cooperate in such audit and make available such records as are reasonably necessary for such audit to be performed.
(c) Any claim or dispute by the City or the grantee regarding any payment of the franchise fee shall be deemed waived unless the other party is notified of such claim or dispute in writing within eighteen months after the receipt of an independent audit verifying such payment.
(Ord. 09-85-92. Passed 9-15-92.)