§ 8.08.160. Franchise fees.

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Beginning with the first full month following the effective date of the ordinance codified in this chapter, the franchisee shall pay to franchisor on a quarterly basis, seven percent (7%) of all gross receipts collected by the franchisee as a franchise fee. Other than the fee established for the 2006-2007 fiscal year, this franchise fee shall be computed annually beginning on July 1st of each subsequent fiscal year with payments to the town being made no later than the twentieth (20th) day after any calendar quarter.

(Ord. No. 477, § 1, 2-12-2008; Ord. No. 459, §§ 1, 2, 3-27-2007; Ord. 257, § 2(part), 1995)

                    
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