O-2003-2260-A original 1998 - Laserfiche WebLink

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. . ORDINANCE NO. 2003-98-2260-A AN ORDINANCE AMENDING ORDINANCE NO. 98 - 22 60, "AN ORDINANCE RENEWING THE GRANT OF A NON-EXCLUSIVE FRANCHISE TO TEXAS CABLE PARTNERS, L.P., SUCCESSOR TO TELE-VUE SYSTEMS, INC.", SECTION 6, "PAYMENT TO THE CITY"; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ,LA PORTE: Section 1. Section 6, "PAYMENT TO THE CITY", subparagraph 1, "Amount and Time", of City of La Porte Ordinance No. 98-2260, is hereby amended and shall hereafter read as follows, to-wit: "Section 6. PAYMENT TO THE CITY. 1. Amount and Time. As compensation for the right, privilege and franchise herein conferred, the Grantee shall pay to the City each year during the term of this Franchise a sum equal to five percent (5%) of the Grantee's Gross Revenues for such year, or portion thereof. Such franchise fee payments shall be made quarterly on or before each May 30, August 30, November 30, and February 28, for the most recently ended quarter. At the time such payments are made, the Grantee shall file with the Director a financial report showing in detail the components of Gross Revenues of the Grantee during the preceding quarter or portion thereof." Section 2. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required