Grantee shall make its subscriber base and business, operational and financial records available to the Division, or its designee, for audit at reasonable times for purposes relevant to review of performance and rate adjustment issues relevant to the grantee's franchise agreement. In the event an audit is undertaken and shows that the franchise fee paid by grantee to the County (relative to any period of time in excess of three months) has been understated by at least $50,000 or two percent, whichever is less, then grantee shall reimburse County for the cost of such audit and shall, in addition, pay the County the amount of the understated franchise fee, plus simple interest on such understated amount at the rate of 10 percent per annum from the date originally due until paid.
(Ord. 4385, passed - -2020; Am. Ord. 4434, passed - -2022)