As permitted by Cal. Pub. Util. Code § 5870, the city hereby continues and establishes the following fees.
(A) Any state video franchise holder operating within the boundaries of the city shall pay a fee to the city equal to 5% of the gross revenues of that state video franchise holder.
(B) Effective the first date on which state franchisees begin operating within the boundaries of the city, each state franchisee shall pay a fee to the city equal to 1% of gross revenues (“PEG Fee”) of that state video franchise holder to support capital equipment and operations expenditures used for public, education and governmental (“PEG”) activities within the city.
(C) The PEG Fee shall be paid quarterly no later than 60 days following the quarter for which the payment is due. The PEG Fee is in addition to the franchise fee to be paid to the city by the state video service franchise holders.
(D) Gross revenue, for the purposes of divisions (A) and (B) above, shall have the definition set forth in Cal. Pub. Util. Code § 5860.
(Ord. 580-C.S., passed 11-4-08; Am. Ord. 649, passed 2-5-19)