HomeMy WebLinkAboutOrdinance 09-1986 ORDINANCE N0. 9 85_ • _
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' AN ORDINANCE ,AMENDING ORDINANCE N0. 647 �Cable T"V , �
Franchise Ordinance� OF THE CITY OF BROOKINGS, SOUTA DA;T�d�A, � : _ �
' PERTAINING TO FRANCHISE FEE PAYMENTS TO THE CITY.
BE IT ORDAINED BY THE GOVERNING BODY OF THE CITX OF . "
BROOKINGS, SOUTH DAKOTA: � �
I . That Chapter XXII of 0rdinance No. b4? be and t�;�
�same is hereby amended as follows, to-wit: :� � ,' .
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XXII . Payment to the City.
1. The Grantee shall pay to the City an a�iv�int - -
equal to three (3�) percent of the annu�l g�ros:s . �
operating revenues ta.ken in and received by;;: it ;,,;. -,
on all retail sales of television sign$ls ''�i��#��t �'
the City each year, for the use of the str:�:e�`� -
and other facilities of the CiLy in the, o��#=
- tion of the CATV Syst_em a�d for the muni�.�,pa�. �� .
supervision thereof. This payment shall b.e> in, -
addition to any other tax or payme�t owesi' ta the �
City by the Grantee. The payment sha1l be an a
quarterly basis with each quarter ending on` '`
March 31, June 30, September 30 and Decemb�r 3�1
of each year, The quart.erly payments shall':�I�e
, estimated based �upon grant.ees uaaudited r��r�� � .
' . and each payment sha�:l. be due and payable �it"h��
thirty (30) da�s fo1],owing the �end" of each�;q�ar-
terly period. On an �.n�ua�l basis,.` �he �G�a,tt��ee .
� . shall provide to the City Finance_ Officer a �er- .
. , tified statement by its auditors .of �Grantees �
annual revenues> subjec� to the franchise f�e
payment. A reconciliat�on between �the q�artErly �
estimated payarents and the aud,ited €�nancial -
� . records, wilx ;be �ade and any adjustmemts b�tween .'
the par.tie$ w�'�11; �be s�ttled and pa�.d withi:� _ . -
thirt� (30) d'ays £ollowiAg the zeceipt of �1�+� �
. certified statement . :
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2, , .This � subseeti�on unchang�, :; ., ,� � ° �
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. II . That any and all ordinances or �arts thereof in > � '
conflic�, H��e�ith'4�te �iere�� r�ep�eal�c�. ` ` � �
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FIRST READING: April 16, 1985 �
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` SECOND R�AD�'i�G"� , A�ri� 2'r3,"`tl"g8�"5
PASS�.3� $ APPROVED April 23, 1985
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�CITY OF ��t00KIN . . _ _
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(SEAL) , � _ _
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ATTEST: ,� . �.,..;:�-.._ .
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