(a) That this Council of the Village of Lisbon hereby establishes a VSP Fee that is calculated by applying a VSP Fee Percentage of 5% to the video service provider's gross revenues as defined in Section 1332.32(B) of the Video Law. All video services providers and cable television operators providing video service in the Village shall apply the VSP Fee Percentage against gross revenues as defined in the video law.
(b) That the VSP Fee shall be paid by each video service provider providing service in the Village on a quarterly basis but not sooner that 45 days nor later than 60 days after the end of each quarter. R.C. 1332.32 (A).
(c) That the Mayor is authorized and directed to provide any video service provider with notice of the VSP Fee Percentage as determined by this Council above, which notice shall be given by certified mail, upon receipt of notice from such video service provider that it will begin providing video service in the Village pursuant to a state-issued video service authorization.
(d) That this if found and determined that all formal actions of the Council concerning and relating to the adoption of the chapter were adapted in an open meeting of this Council, and all deliberations of the Council and any of its committees that resulted in such formal action were in meetings open to the public in compliance with all legal requirements.
(Ord. 1852. Passed 3-9-2009.)