(a) Effective February 1, 1998, or ninety days after due notice of this waiver is given as provided in Section 25(f) of the Act, whichever is later, and during the time the Village imposes the telecommunications infrastructure maintenance fee provided herein, the Village waives all fees, charges, and other compensation that may accrue, after the effective date of the waiver, to the Village by a telecommunications retailer pursuant to any existing Village franchise, license, or similar agreement with a telecommunications retailer. This waiver shall only be effective during the time the Infrastructure Maintenance Fee provided for in this chapter is subject to being lawfully imposed on the telecommunications retailer and collected by the telecommunications retailer from the customer. Any fees, charges or other compensation that may be due and payable for the period through January 31, 1998, are not waived.
(b) The Village Clerk shall send a notice of the waiver by certified mail, return receipt requested, to each telecommunications retailer with whom the Village has a franchise agreement.
(Ord. 958. Passed 11-10-97.)