The franchisee shall maintain accounting records, in
accordance with generally accepted accounting practices, of all its operations
and transactions within the City. The City shall have the right to inspect
during normal business hours all books, records, maps, plans, financial statements
and other like materials of the franchise which relate to its operation within
the City, including expenses attributed to the franchisee by any parent corporation.
All such information received by the City shall remain confidential insofar
as permitted by the Virginia Freedom of Information Act, as now or hereinafter
amended. The requirements of this section shall be considered a material
provision of this chapter.