(a) Council hereby establishes a VSP Fee that is calculated by applying a VSP Fee Percentage of four percent (4%) to the video service provider’s gross revenues as defined in Section 1332.32(B) of the Video Law. For purposes of calculating the VSP Fee, the provider’s gross revenues shall include advertising revenues in accordance with Section 1332.23(B)(2)(g) of the Video Law. The VSP Fee percentage and Video Law gross revenues definition, as modified in this chapter, shall apply equally to all video service providers and cable television operators providing video service in the Village.
(b) The VSP Fee shall be paid by each video service provider providing service in the Village on a quarterly basis but not sooner than forty-five days nor later than sixty days after the end of the each calendar quarter.
(c) The Mayor is authorized and directed to provide any video service provider with notice of the VSP Fee Percentage and gross revenues definition 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 Village pursuant to a state-issued video service authorization.
(Ord. 09-011. Passed 3-2-09.)