(A) Unless a grantee's franchise agreement specifically sets forth a different basis for determining the amount of franchise fees, each grantee shall pay to the city government an amount equal to 5% per year of the grantee's annual gross revenue.
(B) No acceptance of any payment shall be construed as an accord that the amount paid is, in fact, the correct amount, nor shall such acceptance of payment be construed as a release of any claim which the city government may have for further or additional sums payable under the provisions of this section or the terms of the franchise agreement.
(1980 Code, § 118.053) (Ord. 1996-4, passed 4-9-1996)