(A) Any grantee granted a franchise under this chapter shall pay to the county, during the life of the franchise, a sum equal to 3% of the grantee’s gross subscriber revenues from cable subscriptions in the county. The payment by the grantee to the county shall be made annually or as otherwise provided in the grantee’s franchise.
(B) The grantee shall file with the county, within 60 days after the expiration of any calendar year or portion thereof during which the franchise is in force, a financial statement prepared by a certified public accountant, or person otherwise satisfactory to the Board of Supervisors, showing in detail the gross annual receipts, as defined herein, of the grantee during the preceding calendar year or portion thereof. It shall be the duty of the grantee to pay to the county, within 15 days after the time for filing the statements, the sum hereinabove prescribed or any unpaid balance thereof for the calendar year or portion thereof covered by the statements. Any payment not made within 30 days after the date the payment is due shall result in further payment at the rate of 1% per month.
(C) The county shall have the right to inspect the grantee’s records showing the gross receipts from which its franchise payments are computed and the right of audit and recomputation of any and all amounts paid under this chapter. No acceptance of any payment shall be construed as a release or as an accord and satisfaction of any claim the county may have for further or additional sums payable under this chapter or for the performance of any other obligation hereunder.
(D) In the event of any holding over after expiration or other termination of any franchise granted hereunder, without the consent of the county, the grantee shall pay to the county reasonable compensation and damages, of not less than 100% of its total gross profits during the period.
(1966 Code, § 6A-12) (Ord. 312, § 12; Ord. 374; Ord. 967, §§ 3, 4, 2018; Ord. 968, §§ 3, 4, 2018)