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4. Service Standards. Grantee shall maintain those technical and performance • <br /> standards as are detailed in Exhibit D attached. Grantee shall provide the City, or <br /> its designee, upon request with reports of the performance of the I-Net and <br /> Grantee's compliance with the technical and performance standards. <br /> SECTION'8. <br /> OPERATION AND ADMINISTRATION PROVISIONS <br /> 1. Administration of Franchise. The City Administrator or other designee shall have <br /> continuing regulatory jurisdiction and supervision over the System and the <br /> Grantee's operation under the Franchise. The City, or its designee, may issue such <br /> reasonable rules and regulations concerning the construction, operation and <br /> 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 /> e Franchise, shall a quarterly to City or its • <br /> a. During the term of the Franc se, pay q y ty <br /> delegatee a Franchise Fee in an amount equal to five percent (5%) of its <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 <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 /> • <br /> 20 <br />