(a) There is hereby established a franchise fee to be paid annually by garbage and refuse collectors to the General Fund of the City.
(b) The franchise fee established in subsection (a) hereof shall be a sum equal to five percent of the total gross operating revenues, which are hereby defined to mean all amounts of money which the collector receives or becomes lawfully entitled to receive (whether collected or not) because of the use of its vehicles on City streets and alleys in connection with services rendered by such collector and because of the use of other City properties within the City for the collection of garbage and refuse.
(c) The franchise fee payment shall be made annually on or before January 1 of each year for the preceding fiscal year and shall be accompanied by a statement showing the total gross operating revenues on the basis of which the computation for such payment was made.
(d) The fiscal year, as referred to herein, shall commence on October 1 of each year and terminate on September 30 of the subsequent year.
(Ord. 1343. Passed 5-28-96.)