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7.2 Separate Ordinance. The franchise fee shall be imposed by separate ordinance <br />duly adopted by the City Council, which ordinance shall not be adopted until at least <br />sixty days after written notice enclosing such proposed ordinance has been served <br />upon the Company. The fee shall become effective sixty days after such adopted <br />ordinance is published. <br />7.3 Condition of Fee. The separate ordinance imposing the fee shall not be effective <br />against the Company unless it lawfully imposes a fee of the same or substantially <br />similar amount on the sale of energy within the City by any other energy supplier, <br />provided that, as to such supplier the City has the authority or contractual right to <br />require a franchise fee or similar fee through a previously agreed upon franchise. <br />7.4 Collection of Fee. The franchise fee shall be payable not less than quarterly during <br />complete billing months of the period for which payment is to be made. The <br />franchise fee formula may be changed from time to time, however, the change shall <br />meet the same notice requirements and the fee may not be changed more often than <br />annually. Such fee shall not exceed any amount which the Company may legally <br />charge to its customers prior to payment to the City. Such fee is subject to <br />subsequent reductions to account for uncollectibles and customer refunds incurred by <br />the Company. The Company agrees to make available for inspection by the City at <br />reasonable times all records necessary to audit the Company's determination of the <br />franchise fee payments. <br />7.5 Continuation of Franchise Fee. If this franchise expires and City and the Company <br />are unable to agree upon terms of a new franchise, the franchise fee, if any, being <br />imposed by the City at the time this franchise expires, will remain in effect until a <br />new franchise is agreed upon. <br />SECTION 8. LIMITATION ON APPLICABILITY. This Ordinance constitutes a franchise <br />agreement between the City and the Company. No provision of this franchise inures to the <br />benefit of any third person, including the public at large, so as to constitute any such person as a <br />third -party beneficiary of the agreement or of any one or more of the terms hereof, or otherwise <br />give rise to any cause of action for any person not a party hereto. <br />SECTION 9. PREVIOUS FRANCHISE SUPERSEDED. This franchise supersedes and <br />replaces previous franchises granted to the Company or its predecessors. <br />SECTION 10. AMENDMENTS. This ordinance may be amended at any time by the City. An <br />amendatory ordinance becomes effective upon the filing of the Company's written consent <br />thereto. <br />SECTION 11. SEVERABILITY. If any portion of this franchise is found unenforceable for <br />any reason, the validity of the remaining provisions will not be affected. <br />