(a) The Municipality, at its sole expense, may conduct an annual audit for the purpose of verifying the accuracy of a VSP’s calculation of the video service provider fees paid to the municipal corporation in the audit period. For the purpose of the audit, the VSP shall make available for inspection, at the location where such records are kept in the normal course of business, those records pertaining to gross revenues, including advertising revenues.
(b) A VSP shall pay any amounts found to have been underpaid in the audit within thirty days after notice and shall include interest on the underpayments as provided in Ohio R.C. 1343.03, unless the VSP brings an action pursuant to Ohio R.C. 1332.33(D).
(c) Except as otherwise provided by law, no acceptance of any payment by the Municipality of Sebring shall be construed as a release or as an accord and satisfaction of any claim the Municipality of Sebring may have for further or additional sums payable as a video service provider fee or from the performance of any other obligation of the VSP.
(Ord. 44-07. Passed 10-8-07.)