Ordinance No. 19685 - Laserfiche WebLink

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Telephone Company, its successors and assigns, shall pay to the City of Eugene from and after July ~, 1990, and until the fran- chise's expiration, seven percent ~1%} of its grass revenue. The Grantee shall make quarterly payments to the City on or before April 30, July 31, October 31, and January 31 for the calendar quarters immediately preceding. Within thirty X30} days of the termination of this franchise, the Grantee shall pay a pro rata fee far the last quarterly pay- ment to the date of termination in addition to other sums due the City. Section 3. Section 12 of Ordinance No. 19425 adopted by the Council and approved by the Mayor on November 11, 1986 is amended to provide; Section 12. The privileges and franchise herein granted shall continue and be in force for a period of fifteen X15} years from and after the date this Ordinance becomes effective; provided, however, that either the City or the Grantee may terminate this franchise upon thirty X30} days written notice. Notwithstanding the foregoing, the fee imposed by Section 9 of Ordinance No. 19425 shall continue until all of the Grantee's communications facili- ties are removed from the City's public ways, ar until such time as any remaining communications facilities may escheat to the City under state law. Section 4. Except as herein amended, and subject to Section 5 of this Ordinance, all other provisions of Ordinance No. 19425 remain in full force and effect. Ordinance - 2