Ord 1993-072 - Laserfiche WebLink

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s-:;. C- -4- rights-of-way, and other public places during the term of this Agreement an amount equal to three percent (3%) of the gross receipts for the preceding year received by Bluebonnet from the rendition of electric utility services within the corporate limits of the City, as it now exists or as it may be later changed by annexation or deannexation ordinance. Provided, that if Blu~bonnet at any time pays a higher percentage of its gross receipts as a fee to any other governmental entity under a franchise agreement, then Bluebonnet shall be obligated to pay that same percentage to the City under this franchise agreement. This amount shall constitute compensation to the City for the expense incurred and for services rendered by the City in exercising its police power of regulation , and supervision over the construction and location of Bluebonnet's poles, wires, conduits, equipment and other facilities in the streets, alleys, rights-of-way and public grounds of the City and shall be due and payable in quarterly installments on January 31, April 30, July 31 and October 31 of each year for the preceding calendar quarter or any part thereof. The city agrees that the consideration agreed to herein as a franchise fee shall be paid in lieu of any special tax, license, pole tax, inspection fee, excise, charge, fee, street or alley easement or other such charge or other tax now or hereinafter levied by the city except none of the provisions in this Agreement shall in anywise affect the liability of Bluebonnet for the payment of any present or future ad valorem taxes now or hereafter levied by the city or any other lawfully constituted taxing authority. Bluebonnet shall furnish annually by March 31st of each year a verified statement under oath of all the gross receipts of the Bluebonnet from the rendition of electric utility service within the corporate limits of the City for the prior calendar year. SECTION 10. Riqht to VerifY Accounts. The City shall have the right at all reasonable times acting through its City Manager or designated officer, attorney, representative, or agent to inspect, review, audit and examine all the books, records and invoices of Bluebonnet used in calculating the two percent (2%)