(a) Council hereby establishes a VSP Fee that is calculated by applying a VSP Fee Percentage of three percent (3.0%) to the video service provider’s gross revenues as defined in Ohio R.C. 1332.32(B).
(b) The VSP Fee shall be paid by each video service provider providing service in the Village of New Middletown on a quarterly basis but not sooner than forty-five days not later than sixty days after the end of each calendar quarter.
(c) The Village is authorized and directed to provide any video service provider with notice of the VSP Fee Percentage as determined by this Village Council above, which notice shall be given by certified mail, upon receipt of notice from such video service provider that it will begin providing video service in the Village pursuant to a State-issued video service authorization.
(Ord. 2008-01. Passed 1-14-08.)
CODIFIED ORDINANCES OF NEW MIDDLETOWN