To reimburse the city for its expense in administering the franchise, the grantee shall pay an annual fee to the city equal to 3% of the grantee’s gross basic subscriber revenues and advertising revenues from the supplying of services to subscribers within the corporate limits of the city. The fee shall be calculated on a calendar year basis and shall be paid on or before March 1 following the year for which it is payable. The fee provided for in this section may be adjusted by the city from time to time, provided the schedule of maximum rates for basic cable service is adjusted to reflect the change.
(Ord. 51, passed 4-12-83)