The city reserves the right to audit a franchisee's books if the city deems it necessary in order to carry out its regulatory duties. All reports due and pertaining to the payment of franchise fees will be certified as to their accuracy and veracity by an officer of the franchisee, and the franchisee shall maintain for a period of three years records used in the preparation of the reports to be produced in their originality and totality upon request or demand by the city. If the audit discloses that franchise fees have been underpaid in any year by an amount greater than 5%, then the franchisee shall reimburse the city's expenses of performing the audit.
(Ord. 96-9, passed 2-26-1996)