§ A356-18. Franchise fee.

Latest version.

The company shall pay to the Village an annual fee in an amount equal to 3% of the annual gross revenues derived from basic cable service only. This payment shall be in addition to any other payment(s) owed by the company to the Village, county or state for property or other taxes. The annual fee shall be paid to the Village Clerk-Treasurer on or before March 31 of each year. In the event such a franchise fee based upon annual gross revenue is determined to be invalid on a state-wide basis by a court of competent jurisdiction, the fee required by this section shall be subject to renegotiation by the parties.

                    
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