5.56.050 Payment of fees.

   (a)   Each state franchise holder shall pay the franchise fee established in Section 5.56.030 and the PEG channel facilities fee established in Section 5.56.040.(a) on a quarterly basis in a manner consistent with California Public Utilities Code section 5860.

   (b)   Each state franchise holder shall deliver to the city by check, or other means agreeable to the City Manager, a separate payment for the franchise fee established in Section 5.56.030 and the PEG channel facilities fee established in Section 5.56.040.(a) not later than forty-five days after the end of each calendar quarter.

   (c)   If any state franchise holder fails to remit the franchise fee established in Section 5.56.030 or the PEG channel facilities fee established in Section 5.56.040.(a) when due, the state franchise holder shall remit to the city a late payment charge at the rate per year equal to the highest prime lending rate during the period of delinquency plus one percent.

(Ord. 08-871 § 1 (part), 2008)