§ 100.65. Payment Of Fees.

The fees provided for in § 100.64(A) of this subchapter shall be paid by the telecommunications company to the city in quarterly installments. The installment payments shall be based upon such gross receipts on recurring local service revenues for the immediately preceding installment period or portion thereof after the effective date of this subchapter, and shall be made within 30 calendar days following the end of the period. Past due payments or underpayments shall accrue interest at rate of 18% per annum from the first day after the day the payment was due to the city until paid to the city, and the company shall reimburse the city for any actual and reasonable out-of-pocket costs associated with collecting any sums required to remit to the city. Payments shall include a statement as to how the fee amount was determined and the statement shall be certified by the telecommunications company's chief financial officer or other duly authorized representative of the company.

(Ord. 2001-32, passed 1-23-01)