§ A291-14. Franchise payments.

A. 

The grantee shall pay the Borough, quarterly payments on or before the last dates in April, July, October and 90 days after the close of the year, a franchise fee equal to 5% of the gross basic subscriber revenues, including payments for converters and 5% of the pay service revenues as defined herein received for cable television operations in the Borough for the preceding calendar quarter, and 5% of any and all pay-per-view revenues within the geographical limits of the Borough when the grantee's net revenues from pay-per-view services exceed $20,000 on an annual basis, and no other fee, tax, charge or consideration. By April 15 of each year, the grantee shall provide an annual summary report showing these gross annual subscriber revenues received during the preceding calendar year which summary shall be attested to by a certified public accountant regularly employed by the grantee, and the grantee shall pay any unpaid franchise fee then due for the preceding year.

B. 

Each grantee shall keep records of account showing the date and amount of all payments received from subscribers. The Borough Secretary or other agent authorized by the Council shall have the right, at the Borough's expense, to inspect and audit the grantee's records of basic subscriber revenues at any reasonable time.

C. 

Nothing herein contained shall be construed as requiring any grantee to pay to the Borough any portion of the revenue derived from the sale of its service to subscribers residing outside the corporate limits of the Borough; provided, however, that upon annexation to the Borough of any territory not now within its corporate limits, the portion of the grantee's facilities that may be located within such annexed territory shall thereafter be subject to all of the terms of this ordinance.