Following notice of a video service provider’s (hereinafter “VSP”) intent to offer service in the Municipality of Sebring pursuant to Ohio R.C. 1332.27 and as compensation for the benefits and privileges granted under the State of Ohio video service authorization and in consideration of permission to use the Municipality of Sebring’s streets and rights of way, the VSP shall pay to the Municipality of Sebring a video service provider fee in the amount of five percent (5%) of the VSP’s gross revenues, additionally including advertising revenues, as defined by Ohio R.C. 1332.32. Notice of this video service provider fee shall be served upon the VSP by the Municipal Manager, or duly appointed designee, within ten (10) days of the Municipality of Sebring receiving notice of the VSP’s intent to offer service in the municipal corporation. (Ord. 44-07. Passed 10-8-07.)