§ 4. Quarterly Payments.

Latest version.

Effective for the Fiscal Year 1999, and for each Fiscal Year thereafter during the term of the franchise ordinance, the Company shall remit to the City quarterly franchise fee installments. The installments shall equal to one-fourth of the total annual franchise fee calculated in accordance with this ordinance.

The quarterly payment is due and payable on or before the 30th day following the last day of each calendar quarter.

                    
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