(A) The City Council hereby establishes a VSP Fee that is calculated by applying a VSP fee percentage of 3% to the video service provider’s gross revenue use as defined in 4332.32(B) of the
Video Law. All video service providers in the city shall apply the VSP fee percentage against gross revenue as defined in the Video Law.
(B) The VSP fee shall be paid by each video service provider providing service in the city on a quarterly basis but not sooner than 45 days nor later than 60 days after the end of each calendar quarter.
(C) The City Manager is authorized and directed to provide the video service provider with notice of the VSP fee percentage as determined by this Council above, which notice shall be given by certified mail, upon receipt of notice from such video service provider that is will begin providing video service in the city pursuant to a state-issued video service authorization.
(Ord. 3-2008, passed 1-25-08)