The village reserves its right to annually fix a fair and reasonable compensation to be paid for the property rights granted to a telecommunications license or franchise grantee. Nothing in this subchapter shall prohibit the village and a grantee from agreeing to the compensation to be paid for the granted property rights. The village's fee shall be $2,500 plus $1 per linear foot of grantee facilities used or constructed; and shall be paid by the grantee to the village annually at the beginning of each calendar year.
(Ord. 96-15, passed 4-3-96)