The President, Village Treasurer, Village Manager and Village Finance Director are each authorized to enter into a contract for collection of the tax imposed by this subchapter with any public utility providing gas service in the village. The contract shall include and substantially conform with the following provisions:
(A) The public utility will collect the tax from retail purchasers as an independent contractor;
(B) The public utility will remit collected taxes to the Village Treasurer no more often than once each month;
(C) The public utility will be entitled to withhold from tax collections a service fee equal to 3% of the amounts collected and timely remitted to the Village Treasurer;
(D) The public utility shall not be responsible to the village for any tax not actually collected from a retail purchaser; and
(E) Such additional terms as the parties may agree upon.
(Ord. 06-0438, passed 8-16-06)