In consideration of the granting of a nonexclusive franchise, each grantee shall pay to the city a franchise fee and as compensation for the rights and privileges enjoyed hereunder an amount equal to three percent (3%) of each such grantee's annual gross revenue from its CATV system located in the city. The fee shall be in lieu of all other fees or taxes including occupation, license, excise and special taxes or fees of any nature, whatsoever, except municipal ad valorem taxes on each grantee's property located within the limits of the city. Likewise, any employees of any grantee shall be subject to all taxes of the city, including, but not limited to, the occupational license tax.
(Ord. 86-2 § 8, 1986; Amended during 1993 codification)