As a further consideration for this franchise, and acceptance by the City in lieu of all occupancy and license taxes and all other special taxes, assessments or excises upon the plant or system or other property of the Cooperative or ad valorem taxes, that might be imposed, either as a franchise tax, occupancy tax, license tax, permit charge or inspection fees, the Cooperative shall pay to the City a sum equal to two percent (2%) of its annual gross revenue derived from the sale of electrical energy within the corporate limits of the City, excluding the revenue arising from the sale of electrical energy to the City itself.
(Ord. 276 Art. IV §1, 1990)