Part 7 — FRANCHISE FEES AND RECORDS

Any grantee granted a franchise or franchise renewal pursuant to the provisions of this chapter shall pay to the city, during the life of such franchise or renewal, and at the times specified in this part, a sum of money not to exceed that allowable by applicable state and federal law, as specified in the franchise or franchise renewal agreement.

(Prior code § 10127.1; Ord. 22101.)

The franchise fee shall be paid to the city by delivery of the same to the city's director of finance.

(Prior code § 10127.2; Ord. 22101.)

Franchise fee payments shall be made quarterly. Within thirty days from and after the end of each quarter of each calendar year, the grantee shall pay to the city the franchise fee for the immediately preceding quarter year.

(Prior code § 10127.3; Ord. 22101.)

Each payment shall be accompanied by a statement, in duplicate, verified by grantee, or by a general officer or other duly authorized representative of the grantee, showing in such form and detail as the city's director of finance may require from time to time the facts material to a determination of the amount due.

(Prior code § 10127.4; Ord. 22101.)

The payment made to the city by the grantee pursuant to this chapter for any calendar year shall be in lieu of any license fee or business license tax prescribed by the city for the same period, but only to the extent of such payment.

(Prior code § 10127.6; Ord. 22101.)

The grantee shall at all times maintain accurate and complete accounts of all revenue and income arising out of its operations under said franchise or franchise renewal. Grantee's books, accounts, and records shall at all times be open to inspection and examination by authorized officers, agents and employees of the city, and shall be kept in such form as to enable such authorized officers, agents and employees to ascertain the amounts of money due the city and to determine such other acts as may be necessary to

determine whether or not grantee is complying with the terms of said franchise. The right is reserved to the city of audit and recomputation of any and all amounts paid by grantee, and no acceptance of any payment shall be construed as a release or as an accord and satisfaction of any claim the city may have for further or additional sums payable under such franchise or for the performance of any other obligation thereunder. In the event of any holding over after expiration or other termination of said franchise or franchise renewal, without the consent of the city, the grantee shall pay to the city a reasonable compensation and damages.

(Prior code § 10127.5; Ord. 22101.)