(A) Audit requirement.
(1) The city will notify the holder of the requirements it imposes on other cable service or video service providers to submit to an audit of its books and records. The holder shall comply with the same requirements the city imposes on other cable service or video service providers in its jurisdiction to audit the holder’s books and records and to recompute any amounts determined to be payable under the requirements of the city.
(2) If all local franchises between the city and cable operator terminate, the audit requirements shall be those adopted by the city pursuant to the Local Government Taxpayers’ Bill of Rights Act, 50 ILCS 45/1 et seq. No acceptance of amounts remitted should be construed as an accord that the amounts are correct.
(B) Additional payments. Any additional amount due after an audit shall be paid within 30 days after the municipality’s submission of an invoice for the sum.
(Prior Code, § 140.05)