The rental charge provided for in this subchapter shall be in lieu of any and all occupation taxes, easement and franchise taxes, whether levied as an ad valorem, special or other character of tax, and in lieu of license and inspection fees, street taxes and all other taxes, charges, levies, fees and rentals of every kind and character which the city is empowered to levy and collect, excepting only the usual general or special ad valorem taxes which the city is authorized to levy and impose upon real and personal property.
(1998 Code, § 106-118)