(Amended by Ord. No. 171,620, Eff. 6/30/97.)
(a) (Amended by Ord. No. 173,328, Eff. 7/7/00.) To recover some of the direct and indirect costs imposed on the City by the presence of the Wastewater conveyance, treatment and disposal system including, but not limited to, the use of the streets, safety and emergency response-related costs, and the value of the space occupied by the system, there is hereby established a Franchise Fee in the amount of two (2) percent of Total Operating Revenues received on a cash basis by the Sewer Construction and Maintenance Fund on and after September 1, 1995, to and including June 30, 1996, and thereafter in the amount of five (5) percent of Total Operating Revenues received on a cash basis by the Sewer Construction and Maintenance Fund. Said Franchise Fee is imposed for each year of operation, or portion thereof, beginning on September 1, 1995, which date is the effective date of its operation. Commencing on July 1, 1996, the year of operation for which the franchise fee is imposed shall be from July 1 of each year through June 30 of the following year. Effective July 1, 2000, the Franchise Fee shall be 3.333% (percent) of Total Operating Revenues received on a cash basis by the Sewer Construction and Maintenance Fund. Effective July 1, 2001, the amount of the Franchise Fee shall be 1.666% (percent) of Total Operating Revenues received on a cash basis by the Sewer Construction and Maintenance Fund. Effective July 1, 2002, the amount of the Franchise fee shall be zero (0) percent of Total Operating Revenues received on a cash basis by the Sewer Construction and Maintenance Fund.
(b) The Franchise Fee shall be payable monthly. The amount due shall be transferred from the Sewer Construction and Maintenance Fund to the General Fund, on or before the twenty-fifth day of each month, and shall be based upon the prior month’s Total Operating Revenues received, as directed by the Director of the Bureau of Accounting, Department of Public Works.
(c) As used in this section, the term “Total Operating Revenues” shall include all items comprising Total Operating Revenues on the audited annual financial statements of the Sewer Construction and Maintenance Fund, prepared in accordance with generally accepted accounting principles.