As fair and reasonable compensation for any Franchise granted pursuant to this Ordinance, a Provider shall have the following obligations:
(1)
Application Fee. In order to offset the cost to the City to review an Application for a Franchise and in addition to all other fees, permits or charges, a Provider shall pay to the City, at the time of Application, $500 as a non-refundable Application fee.
(2)
Franchise Fees. The Franchise fee, if any, shall be set forth in the Franchise Agreement. The obligation to pay a Franchise fee shall commence on the Completion Date. The Franchise fee is offset by any business license fee or business license tax enacted by the City.
(3)
Excavation Permits. The Provider shall also pay fees required for an excavation permit as provided in 4-3-105 and 4-3-106 of Springville City Code 1991.
(Statutory Authority UCA 10-8-1 and Telecommunications Act of 1996 (Act) [P.L. No. 104-104]; adopted by Ordinance No. 20-98)