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03-25-1998 Additions
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03-25-1998 Additions
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maintenance of the System as are consistent with the provisions of the Franchise <br />and law. <br />2. Delegated Authority. The City may appoint a citizen advisory body or a Joint <br />Powers Commission, or may delegate to any other body or Person authority to <br />administer the Franchise and to monitor the performance of the Grantee pursuant <br />to the Franchise. Grantee shall cooperate with any such delegatee of City. <br />3. Franchise Fee. <br />a. During the term of the Franchise, Grantee shall pay quarterly to City or <br />its delegatee a Franchise Fee in an antes amount equal to five percent <br />(5 %) of its quarterly Gross Revenues, or such increased amounts as are <br />subsequently permissible by law. <br />b. Any payments due under this provision shall be payable quarterly. The <br />payment shall be made within thirty (30) days of the end of each of <br />Grantee's fiscal quarters together with a report showing the basis for the <br />computation. <br />c. All amounts paid shall be subject to audit and recomputation by City and <br />acceptance of any payment shall not be construed as an accord that the <br />amount paid is in fact the correct amount. <br />4. Access to Records. The City shall have the right to inspect, upon reasonable <br />notice and during normal business hours, or require Grantee to provide within a <br />reasonable time copies of any records maintained by Grantee which relate to <br />System operations including specifically Grantee's accounting and financial <br />records. <br />5. Reports and Maps to be Filed with City. <br />a. Grantee shall file with the City, at the time or payment of the Franchise <br />Fee, a report of all Gross Revenues in form and substance as required by <br />City. <br />b. Grantee shall prepare and furnish to City, at the times and in the form <br />prescribed, such other reasonable reports with respect to Grantee's <br />operations pursuant to this Franchise as City may require. <br />c. If required by City, Grantee shall furnish to and file with City <br />Administrator the maps, plats, and permanent records of the location and <br />character of all facilities constructed, including underground facilities, and <br />Grantee shall file with City updates of such maps, plats and permanent <br />records annually if changes have been made in the System. <br />Page 36 <br />
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