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! <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> -I <br /> <br /> 5 <br /> <br />.6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br /> 10 <br /> <br /> 11 <br /> <br /> 12 <br /> <br /> 13 <br /> <br /> 15 <br /> <br /> 16 <br /> <br /> 17 <br /> <br /> 18 <br /> <br /> 19 <br /> <br />2O <br /> <br /> 21 <br /> <br />22 <br /> <br />23 <br /> <br /> 24 <br /> <br /> 25 <br /> <br /> 26 <br /> <br /> 27 <br /> <br /> 28 <br /> <br /> 29 <br /> <br /> 30 <br /> <br /> 31 <br /> <br /> 32 <br /> <br />ORDINANCE NO. 3655 <br /> <br />AN ORDINAitCtg OF TIlE CITY OF RiVI';IISIDE: CALII,'OIINI^, <br />AblENOIN(I ORDINANCE NO. 3624, SECTION O. FI1ANGIIISE <br />PA Y ME/qTS. <br /> <br /> The City Council of the City of Riverside does ordain <br /> <br />as follows: <br /> <br /> Section 1: Section 6. FRANCHISE PAYMENTS. is hereby <br />amended ill its entirety to read as follows: <br /> <br /> ~'Section 6. FRANCItlSE PAYMENTS. <br /> <br /> A. ACCr;PTANCE FEE. The ~wantee of any franchise <br /> <br /> granted pursuant to this Ordinance shall pay to the City <br /> <br /> upon acceptance of such franchise~ a fee certain of $2,500.00. <br /> <br /> B. ANNUAL FRANCHISE FEE. The grantee of any franchise <br /> shall 'pay annually to the City durlng the life of the franchise <br /> a sum equal to five percent (5~) of the gross annual receipts <br /> of tile grantee derived from subscriptions and users within <br /> the City, and in addition tl}ereto such other sums as may be <br /> provided for in grantee's franchise. Such payments will be <br /> made to tile Finance Director. <br /> <br /> Ti~e grantee shall file with the City, within thirt.v <br /> <br /> (30) days after the expiration of any fiscal year or portion <br /> thereof during, which such franchise is In force, a financial <br /> statement prepared by a certified public accountant, showing <br /> in detail tile gross am]ual receipts, as defined herein, of <br /> grantee during the precedln?, fiscal year or portion thereof. <br /> It shall be the duty of the ff~rantee to pay to the City, <br /> within ten (10) days after the time for filing such statements, <br /> the sum hereinabove prescribed or any unpaid balance thereof <br /> for the caleb]dar year or portion thereof covered bS! such <br /> statements. <br /> <br /> In the event that the above payment is not received <br /> <br /> by the City within the specified time, grantee shall pay to <br /> <br />-1- <br /> <br /> <br />