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Ordinance 1989-0994
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Ordinance 1989-0994
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Last modified
3/29/2021 2:35:48 PM
Creation date
4/6/2006 3:25:41 PM
Metadata
Fields
Template:
City Council Records
Also Known As (aka)
Public Service Co Franchise
Doc Type
Ordinance
Signed Date
5/16/1989
Ord/Res - Year
1989
Ord/Res - Number
994
Original Hardcopy Storage
7E2
Supplemental fields
Test
ORD 1989-0994
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<br />and corrections of bills theretofore rendered, and in the <br />event that the gross revenue of the Company for any period <br />of time during the term of this franchise is subsequently <br />reduced by virtue of a refund to any of the customers of <br />the Company upon which the above referenced franchise <br />payment is calculated and, as a result thereof, the Company <br />has paid in excess of the percent of its gross revenue <br />provided herein as so adjusted for any such period of time, <br />the Company shall be entitled to a refund from the City of <br />all said amounts paid in excess of said percentage of its <br />gross revenue as adjusted by such refund. The Company <br />shall pay the actual amount of said franchise fee in <br />monthly installments not more than 30 days following the <br />close of the month for which payment is to be made. <br />Payments for the portion of the terminal month of this <br />franchise shall be prorated for the portion of the month at <br />the end of the term of this franchise. For the purpose of <br />ascertaining or auditing the correct amount to be paid <br />under the provision of this paragraph, the City Clerk <br />and/or any committee appointed by the City Council of said <br />City shall have access to the books of said Company for the <br />purpose of checking the gross revenue received from <br />operations within said City. <br />B. A new Section 2 of Article V is enacted as follows: <br />Section 2. Chanqe of Franchise Fee and Other Franchise <br />Terms. Once during each calendar year of the franchise <br /> -2- <br />
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