Every public utility engaged in providing electrical service within the corporate limits of the city which does not hold a valid current franchise from the city to operate within the corporate limits and to make use of public streets and rights-of-way for operations, shall have imposed upon it the terms, conditions, and payment of franchise fees set out in Resolution adopted by the City Commission on the seventh day of December 1987 for the right, power, and privilege of engaging and operating its respective business within the corporate limits, and the right, power, and privilege of using the streets, alleys, and other public ways or places in the city for and on behalf of the operation of its business. Such utilities shall pay to the city a sum equal to 3% annually of the gross service revenues of the utility for sales generated within the corporate limits of the city. Such sums shall be paid quarterly on the fifteenth day after the end of each quarter, and each utility shall furnish to the city a certified statement by public accountant of its gross revenues received.
(Ord. 88-1, passed 1-4-88)