The city may require all grantees to provide financial support permissible under the Cable Act, as a capital grant payable by each grantee to the city for PEG capital requirements in the amount up to 1% of each grantee’s gross revenue, as determined by the city no more frequently than once every two years. The capital grant shall be payable by each grantee with the franchise fee payment as required by this chapter and shall be itemized and passed through to subscribers in the same manner. The city shall impose the same percentage fee on all grantees or shall not impose the fee on any grantee. The city shall provide all grantees with 180 days’ prior written notice for the implementation or modification of the capital grant.
(1992 Code, § 44-58) (Ord. 104-09, passed 11-16-2009)