(a) During the term of each franchise, each grantee shall pay to the County an amount equal to five (5%) percent per year of the grantee’s annual gross revenues derived from the operation of the cable communications system.
(b) Such fees shall be paid quarterly not later than August 1, November 1, February 1, and May 1 for the preceding three (3) month period ending, respectively, June 30, September 30, December 31, and March 31. Not later than the date of each payment, each grantee shall file with the Clerk of the Board a written statement signed under penalty of perjury by an officer of the grantee which identifies in detail the sources and amounts of gross revenues received by a grantee during the quarter for which the payment is made.
(c) No acceptance of any payment shall be construed as an accord that the amount paid is, in fact, the correct amount, nor shall such acceptance of payment be construed as a release of any claim which the County may have for further or additional sums payable under the provisions of this section. (§ 1, Ord. 961, eff. October 27, 1983, as amended by § 16, Ord. 999, eff. March 7, 1985)