(A) The consideration set forth in the preceding section shall be paid and received in lieu of any tax, license, charge, fee, street or alley rental, or any other character of charge for the use and occupancy of the streets. It shall further be in lieu of any pole tax, inspection fee tax, easement tax, franchise tax (whether levied as an ad valorem, special or other character of tax), and any other tax, license, fee or imposition other than the usual general or special ad valorem property taxes now or hereafter levied. This section shall not be construed to exclude any funds that flow to municipalities as a result of state property tax or pole rentals provided under a separate agreement.
(B) Should the city not have the legal power to declare that the payment of the foregoing consideration shall be in lieu of the taxes, licenses, fees and impositions, then the city declares that, should any such tax, license, fee or other imposition be imposed upon the company, then to the extent necessary, the consideration to be paid hereunder shall be applied toward the satisfaction of those obligations.
(Ord. 2005-07, passed 6-20-2005)