The grantee shall file the following reports with the city:
A. 
An annual report setting forth the physical miles of plant construction and plant in operation during the fiscal year shall be submitted to the city. Such report shall also contain any revisions to the system as-built maps filed with the city. The annual report shall be provided in February.
B. 
The grantee shall submit to the city the required performance bond, or a certified copy thereof, and written evidence of payment of required premium and all policies of insurance required by this chapter, or certified copies thereof, and written notice of payment of required premium.
C. 
The following financial reports for the franchise area shall be submitted annually to the city 90 days after the end of the grantee's fiscal year:
(1) 
An ownership report indicating all persons who at any time during the preceding year did control or benefit from an interest in the franchise of 10% or more.
(2) 
An annual and certified income statement from the previous calendar year, including subscriber revenue from each category of service.
(3) 
An annual list of officers and members of the board of grantee and of any parent corporation.
D. 
The grantee shall prepare and furnish to the city at the times and in the form prescribed such additional reports with respect to its operation, affairs, transactions or property as may be reasonably necessary and appropriate to the performance of any of the rights, functions or duties of the city in connection with this chapter or the franchise.
A. 
Any person or corporation seeking a telecommunications franchise shall meet the requirements established by the city and submit an application which meets all requirements of this chapter. Such application shall, at a minimum, contain the following:
(1) 
A description of the telecommunications system services desired by the applicant, including any system specifications established by the city, and the applicant must prepare and present a proposed franchise agreement.
(2) 
A description of the legal, technical and financial qualifications of the applicant and the applicant's ability to construct, operate and maintain the telecommunications system as proposed.
(3) 
The name, address and telephone number of the applicant who may be contacted for further information.
B. 
Requirement for formal action on reasonable notice. The city shall give notice to any applicant prior to acting on any telecommunications franchise. The meeting shall be conducted by the City Council in accordance with the following procedures:
(1) 
There shall be an agenda for the meeting which shall specify the proposal(s) to be considered at the meeting.
(2) 
Any person who has applied for a telecommunications franchise may appear at the meeting either in person or by authorized representative.
(3) 
All persons shall be given an opportunity to participate in the meeting, but nothing contained herein shall limit the power of the City Council to establish reasonable time limits and otherwise limit repetitive statements or questions.
(4) 
Copies of all franchise applications shall be made available for public inspection during normal business hours in the office of the City Clerk.
C. 
Subject to the applicable law, the City Council, in its sole and exclusive discretion, may reject any application for a franchise.
All revenues received by the city as a result of this Telecommunications Ordinance shall be utilized as follows:
A. 
Fifty percent of those revenues shall be deposited into the city's General Fund.
B. 
Fifty percent of those revenues shall be deposited into a separate fund account entitled "building maintenance account." The funds in the building maintenance account shall be used for the repair and maintenance of city-owned properties.