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A. Specified; Terms Of Payment: Each grantee shall pay a franchise fee in connection with provision of video services in an amount equal to five percent (5%) per year of the grantee's annual gross revenue. Said fees shall be paid quarterly, not later than sixty (60) days after the end of the preceding three (3) month period ending, respectively, June 30, September 30, December 31 and March 31. Not later than the date of each payment, each grantee shall file with the city a written statement signed under penalty of perjury by an officer of the grantee during a quarter for which payment is made. Acceptance of payment shall not be construed as an accord that the amount paid is correct nor shall it be construed to release any claim which the city may have for any further sums payable under this section. Any franchise fees which remain unpaid after the dates specified herein shall be delinquent and shall thereafter accrue interest at the maximum legal rate until paid.
B. Increase: If the FCC, congress or other governmental entity with authority over video service providers allow a franchising authority to increase the franchise fee beyond five percent (5%), then the city may increase the franchise fee paid by grantees holding franchises to the maximum permitted amount, but no more than six percent (6%) of gross revenues prior to the scheduled expiration date of the franchise, or the date the franchise terminates, whichever is earlier; and the city may require any grantee issued a new or renewed franchise after such change to pay the maximum amount permitted by law as a condition of the grant of the franchise. Payment of a franchise fee pursuant to the provisions of this chapter shall be considered to be an addition to, and exclusive of, any and all authorized taxes, business license fees or other fees and assessments presently in effect or adopted subsequent hereto. (Ord. 2009-08, 7-16-2009)