Any state video franchise holder operating within the city shall remit to the city a Public, Educational, and Government ("PEG") fee in the amount equal to 1% of the gross revenue of the state video franchise holder derived from the operation of its franchise within the city to support public, educational, and governmental channel facilities in compliance with Cal. Public Utilities Code § 5870(n).
   (A)   A state video franchise holder shall pay the franchise fee to the city quarterly, within 45-days after the end of each calendar quarter.
   (B)   All revenue collected pursuant to this fee shall be deposited in a separate fund and shall only be expended for the purpose of supporting PEG channel facilities.
   (C)   Automatic reauthorization. Notwithstanding Cal. Public Utilities Code § 5870, upon the expiration of any state video franchise, without any action of the City Council, this code section shall be deemed to have been automatically reauthorized upon the renewal of a state video franchise by the CPUC to a state video franchise holder operating within the city, unless the holder has given the City Manager and City Clerk written notice 60 days prior to the expiration of its state video franchise that this section will expire pursuant to the terms of Cal. Public Utilities Code § 5870(n), or until such time that the City Council takes formal affirmative action to cease the reauthorization.
(Ord. 2008-017, passed 12-22-08; Am. Ord. 2018-004, passed 3-27-18)