For the right to operate in, upon, and under the street system
of the City, a franchise fee is hereby imposed upon and shall be collected
annually from the water, sewer, and storm drainage funds of the City.
The fee shall be in an amount equal to 8% of the net revenue of the
water, sewer, and storm drainage charges collected within the City
after deductions have been made for all outstanding debt service obligations.
(Ord. 1770 § 1, 1994; Ord. 1905 § 1, 2002)
Payment of the franchise fee set forth in Section 3.10.010 shall be made by annually transferring the appropriate sum of money for the franchise fee from the water, sewer, and storm drainage funds to the street fund.
(Ord. 1770 § 1, 1994; Ord. 1905 § 2, 2002)
