(A) Franchise fee imposed. The City Council hereby determines that the municipality incurs expenses and liabilities because of the use by utility systems operating within the municipality on public rights-of-way and easements belonging to the city and that said utilities shall henceforth make payment for such expenses and liabilities in the form of franchise fee payable to the city, as hereinafter set forth.
(1976 Code, § 8-501)
(B) Amount of franchise fee. There is hereby assessed against each public utility making use of public rights-of-way and easements located within the city a franchise fee equal to 8% of such utility’s gross billing of revenues from sales within the jurisdiction of the city; provided that, this franchise fee shall not apply to any privately owned utility located in the municipality presently operating under a franchise granted by the municipality.
(1976 Code, § 8-502)
(C) Franchise fee; monthly payment. Each utility subject to the provisions of this section shall pay to the City Treasurer on a time schedule established by the said City Clerk a monthly payment equal to 8% of the utility’s gross receipts for such month derived from sales of its service or product located within the jurisdiction of the city. Such utility shall make available to the City Treasurer a monthly report or statement showing the amount of total gross receipts which are the basis for which payment of franchise fees described herein are paid to the municipality.
(1976 Code, § 8-503)
(Ord. 1012, passed 10-22-1990)