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4. <br />ndards• Grantee shall maintain those technical and performance <br />standards as are detailed in Exhibit Pattached. Grantee <br />of provide <br />1-Net and <br />its designee, upon request with reports of the performance standards. <br />Grantee's compliance with the technical and <br />SECTION 8. <br />OPERATION AND ADMINISTRATION PROVISIONS <br />Ad i r.t •n • F a chi e. The City Administrator or other designee shall have <br />1 may issue such <br />continuing regulatory jurisdiction and supervision over the System and the e <br />Grantee's operation under the Franchise. The City, or <br />the construction, y issue and <br />its designee, <br />reasonable rules and regulations concerning <br />maintenance of the System as are consistent with the provisions of the Franchise <br />and law. <br />2. Dele ted uthority. 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 th <br />with any ance oelegaGe of City. ppursuant nce of the <br />to the Franchise. Grantee shall cooperate <br />3. Franeee <br />a. During the term of the Franchise, Grantee shall pay q uarterly to City or its <br />quarterly to <br />(5 %) of its <br />delegatee a Franchise Fee in an amount equal to five percent <br />quarterly Gross Revenues, or such other amounts as are subsequently <br />permitted by federal statute. <br />b. Any payments due under this provision shall be payable quarterly. The each <br />of <br />payment shall be made within thirty (30) days of the the basis of <br />for the <br />Grantee' s fiscal quarters together with a report showing <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 />cess to Records. The City shall have the right to inspect, upon reasonable <br />4. � normal business hours, or require Grantee to provide <br />relate to <br />reasonable and during records maintained by and relae to <br />reasonable trme copies iec of agt'specifically Grantee's accounting <br />System operations including <br />records. <br />20 <br />Page 48 <br />