(A) Any franchisee awarded a franchise or renewed franchise shall pay to the city for the privilege and use of the streets, rights-of-way, easements, and public ways, and other facilities of the city in the operation of a cable system, and for the city's supervision thereof during the term of the franchise, a sum equal to 5% of the annual gross revenues derived from and attributable to the operation of the system within the city.
(B) It is intended that the franchise fee will promote the health, safety, and welfare of the citizens of the community in part by providing funding for community-oriented cable programs, projects, and services, and to allow and provide for the necessary regulation of a franchisee's activities and its use of the streets, public ways, rights-of-way, and easements. Therefore, 3%, which represents 60% of the total franchise fee collected, shall be deposited into the general revenues of the city. Further, 2%, which represents 40% of the total collected, shall be set aside for the Authority to assist in its regulatory and advisory roles with respect to cable.
(Ord. 96-9, passed 2-26-1996)