§ 15. Fees.

Latest version.

During the term of the franchise District Cooling shall pay the city an annual franchise fee in the amount of 3.4 percent of District Cooling's annual gross earnings. Said payments shall be made in monthly installments. The payment shall be due on or before the twenty-fifth calendar day of the succeeding month. The payment obligation shall be met if the payment is mailed and postmarked on or before the due date. In no event shall District Cooling be required to pay a franchise fee in excess of the amount which it can legally collect from its customers in the city by means of a surcharge on its rate schedule for the purpose of collecting the franchise fee.

(C.F. No. 07-1109, § 2, 12-12-07)

                    
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