(a) All Grantees awarded franchises shall pay to the City for the use of the streets and other facilities of the City in the operation of the cable television system and for the Municipal supervision thereof during the life of the franchise two and one-half percent (2.5%) the annual gross revenue received.
(b) Within thirty days after the expiration of each calendar year, the Grantee shall submit the franchise fee accompanied by a statement clearly showing gross revenue received by the Grantee during the preceding year.
(c) In the event a franchise is terminated or forfeited prior to the end of the term, the Grantee shall immediately submit to the City a statement showing the gross revenues of the Grantee for the time elapsed since the year end for which the Grantee has paid the City the required percentage of gross revenue. The Grantee shall pay to the City not later than thirty days following the termination of the franchise a like percentage of such gross revenue.
(d) In the event that any payment is not made on or before the applicable date fixed in subsections (a), (b) and (c) hereof, Grantee shall be subject to the penalty provided for in Section 765.99(e).
(e) The Auditor of the City shall have the right to inspect the Grantee's records showing the gross revenue from which its franchise payments are computed. The right of audit and recomputation of any and all amounts paid under this franchise shall always be accorded to the City. No acceptance of any payment by the City shall be construed as a release of or an accord of satisfaction of any claim the City might have for further or additional sum payable under the terms of this chapter or for any other performance or obligation of Grantee hereunder. The City must inform the Grantee in writing of any such dispute regarding payments or information which were subject to an inspection or audit by the City within one year after the completion thereof.
(f) Payments of compensation made by a Grantee to the City pursuant to the provisions of this chapter shall be considered in addition to and exclusive of any and all taxes, business license fees or other levies or assessments which are now or which may hereafter be authorized by the laws of the United States, the State of Ohio, or the City.
(Ord. 58-1989. Passed 5-1-89.)