HomeMy WebLinkAbout02219in effect at all times during the term of this license.
Section 10. Period of Franchise. The rights and privileges
of the license shall continue for a period of twenty years from
January 1, 1969 and the licensee, at the termination of this period,
or earlier if the facilities of the licensee cease to be used or
served by the licensee shall at its own cost and expense remove all
construction and installations hereby authorized from the city streets,
and shall restore all portions of the streets that may have been dis-
turbed to the condition of the surrounding street at the time of such
repair, to the satisfaction of the city engineer; provided, that said
rights and privileges shall terminate on July 1, 1970 if licensee
has not by that date made substantial progress in providing service
pursuant to the license.
Section 11. License Fee. Licensee shall pay the city a license
fee of four per cent (4%) of revenue collected by licensee in the
city, which amount shall be subject to increase or decrease in the -
same manner and same amount as may be imposed upon electricity, gas,
telephone and other utilities. This license fee shall,be in lieu of
any business and occupation tax or other tax required to be paid by
licensee. This section only of this chapter, and the license fee con-
tained herein, shall be subject to renegotiation at the option of the
city for each additional five year period of the remainder of the term
of this license; provided, however, that if the city wishes to reneg-
otiate the section and license fee, the city shall give the licensee
written notice of the city's intent to renegotiate the section and
fees, on or before thirty days from the fifth, tenth and fifteenth
anniversary of the passage of this chapter on the second reading.
Section 12. Acceptance of Franchise. This chapter shall be
null and void unless the licensee shall file, by January 1, 1969,
with the City Clerk its written acceptance of all terms and conditions
of this chapter.
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