(a) For any Video Service Provider which operates within the Village of New London, a Video Service Provider Fee is hereby assessed. The amount of the Fee shall be five percent (5%) of Gross Revenue, provided, however, that if a Fee in excess of that amount should be permissible under Ohio R.C. 1332.32, then the Fee shall be set at that higher amount. The fee shall be calculated in accordance with the provisions of Ohio R.C. 1332.32; and the Village shall retain the audit rights specified in Ohio R.C. 1332.33.
(b) The Fee assessed under subsection (a) hereof shall not be applicable to Time Warner Cable, or its successors, during the continuation of its existing franchise agreement; provided, however, that at the termination of the current franchise agreement, subsection (a) hereof shall automatically be effective with regard to its operation thereafter.
(c) The Clerk-Treasurer shall notify any video service provider which conducts operation within the Village of the enactment of this section.
(Ord. 08-11. Passed 5-12-08.)