For the use of the streets and for the purposes of providing revenue with which to defray the costs of regulation arising out of issuance of franchises under this chapter and promoting, assisting and financing community use programming and other cable services of a public character, each franchisee shall pay franchise fees in the amount prescribed by Section 5.28.1520 of this chapter. Each franchisee shall cooperate with the cable television commission in filing with the FCC and supporting a waiver request permitting payment of the amount prescribed by Section 5.28.1520 of this chapter. (Prior code § 20.07.600)