(a) Council hereby establishes a VSP Fee that is calculated by applying a VSP Fee Percentage of five percent (5%) to the video service provider’s gross revenues as defined in Section 1332.32(B) of the Video Law. All video service providers and cable television operators providing video service in the City shall apply the VSP Fee Percentage against gross revenues 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 forty-five days (45) nor later than sixty (60) days after the end of each calendar quarter.
(c) The Mayor is authorized and directed to provide any 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 it will begin providing video service in the City pursuant to a State-issued video service authorization.
(Res. 2010-6. Passed 3-1-10.)