The applicant shall, in his or her application, agree to pay to the city annually, commencing one year from the effective date of the contract issued hereunder and each year thereafter, 3% of his or her gross subscriber revenue derived from all cable services within the city, or $250, whichever is greater. In the event that the rules of the Federal Communications Commission presently governing such rates should be changed, the applicant shall agree to be bound by such alternative basis for assessing such rates as shall be specified in this subchapter.
(1990 Code, § 25.008) (Ord. 60, passed 8-14-1984)