O-1980-1175 - Laserfiche WebLink

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. . Ordinance No. 1175, Page 22. . which this franchise is in effect, a financial statement prepared according to accepted accounti~g practice showing in detail the Gross Revenues of Grantee duri~g the precedi~g quarter of the calendar year. Such statement shall be accompanied by Grantee.'s payment' to City of three percent .(3%) of such Gross Revenues for such quarter. B. Right of Inspection of Records. City shall have the ., right to 'inspect Grantee's records showing the Gross Revenues from which payments to City are computed and to audit and recom- pute any and all amounts paid.under this franchise. No accep- . tance of'~ayment shall be construed as a ~elease or as an accord and satisfaction of any claim City may have for further or addi- tional sums payable under this franchise or for the performance of any other obligation hereunder. C. Other Payments to City. The franchise fee payable hereunder shall be exclusive of and in addition to all ad valorem taxes, special assessments for municipal improvements, reimburse- ments to City for moneys spent in hiring rate consultants to evaluate Grantee's rate modification requests and other lawful obligations of Grantee to City. . Section 22. RECORDS AND REPORTS. A. Principal Office of Grantee. Grantee shall maintain its principal office in the Franchise Area as long as it con- tinues to operate its CATV System or any portion thereof and hereby designates such office as the place to where all notices. directions, orders and requests may be mailed, served or delivered under this franchise. The City Clerk shall be notified of the location of such office or any change thereof. .