A. Inspection Fee And Service Charge:
1. From and after the effective date hereof, there is hereby levied an annual inspection fee and service charge upon each and every person, firm or corporation operating a telephone exchange in the city in an amount equal to two percent (2%) of the gross revenues for each current year for exchange telephone transmission service rendered wholly within the limits of the city to compensate the city for the expenses incurred and services rendered incident to the exercise of its police power, supervision, police regulation and police control of the construction of lines and equipment of said telephone company in the city.
2. The said inspection fee and charge shall be due and payable to the city on a quarterly basis. This inspection fee shall commence on July 1, 2004, and shall be payable quarterly on a date mutually agreeable to the city and the person, firm or corporation operating the telephone exchange within the city. Said fee shall be paid into and appropriated and expended from the general revenue fund of the city.
B. Fee In Lieu Of Other Charges: During continued substantial compliance with the terms of this section by the owner of any telephone exchange, this charge levied hereby shall be and continue to be in lieu of all concessions, charges, excise, franchise, license, privilege and permit fees or taxes or assessments except ad valorem taxes; provided, however, that it is not intended hereby to extinguish or abrogate any existing arrangement whereby the city is permitted to use underground conduit, duct space or pole contacts of said company for the fire alarm and/or police call systems of the city.
C. Capital Improvement Fund: The funds generated pursuant to this section will be deposited to the credit of the capital improvement fund of the city. (Ord. 892, 5-10-2004)