A. Each state franchise holder shall remit to the City a fee to support PEG channel facilities in the amount of one percent of the gross revenues, as defined in Public Utilities Code Section 5860, of the state franchise holder. The fee shall be remitted on a quarterly basis and within forty-five (45) days of the close of each calendar quarter. Each remittance shall be accompanied by a summary explaining the basis for the calculation of the fee.

B. Each state franchise holder shall furnish, on an annual basis, a statement within ninety (90) days of the close of the calendar year, either audited and certified by an independent certified public accountant or certified by an officer of the state franchise holder, reflecting the total amount of gross revenues, as defined in Public Utilities Code Section 5860, for the preceding calendar year, and all payments, deductions and computations used to determine the amount of the remittances required by subsection (A) of this section during the preceding calendar year.

The City Manager may establish, and from time to time revise, such additional reporting requirements as are necessary to ensure that the basis for the calculation of the amount of remittances are adequately explained and documented, and each state franchise holder shall comply with such additional reporting requirements provided that each franchise holder shall have first been provided written notice of such requirements at least fifteen (15) days prior to the beginning of the calendar year.

C. Notwithstanding Public Utilities Code Section 5870(n), upon the expiration of any state franchise, without any action of the City Council, this section shall be deemed to have been automatically reauthorized, unless the state franchise holder has given the City Manager and the City Council written notice sixty (60) days prior to the expiration of its state franchise that the section will expire pursuant to the terms of Public Utilities Code Section 5870(n). (Ord. 1030 § 2(4), 2018; Ord. 1003 § 2, 2015)