1992-04-27 Regular Meeting - Laserfiche WebLink

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, /I e e "J.. Alternative First Paragraph of SECTION 13 - COMPENSATION TO THE CITY, Subparagraph (a): "SECTION 13 - COMPENSATION TO THE CITY (a) As compensation for the use, occupancy, oversight, supervision and regulation of the CITY'S RIGHTS-OF-WAY, and in lieu of and in full compensation for any lawful tax or license or charge or RIGHTS-OF-WAY permit fee or inspection fee, whether charged to the TELEPHONE COMPANY or its contractor (s), or any RIGHT-O~WAY easement or street or alley rental or franchise tax or other character of charge for use and occupancy of the RIGHTS-OF-WAY within the CITY, except the usual general ad valorem taxes, special assessments in accordance with State law or sales taxes now or hereafter levied by ~he CITY in accordance with State law, the CITY hereby imposes a Charge upon the Gross Receipts (as hereinafter defined) of the TELEPHONE COMPANY. The amount of the Charge for the first year this Ordinance is in effect shall be $113,300.00. For the second and subsequent years while this Ordinance remains in effecb, the above Charge is subject to adjustment by application of the Growth Factor set out in paragraph l3(c). This adjustment for the Growth Factor will be made effective as of each anniversary date of this Ordinance. In no event shall the Charge for subsequent years that this Ordinance is in effect be less than the above amount stated for the first year of this Ordinance, except as provided in the case of disannexation as set forth in paragraph l3(e), or as provided in Section 17 herein."