§ 50-135. Payment of fees.

The fees provided for in section 50-133 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 the ordinance from which this article is derived, and shall be made within 30 calendar days following the end of the period. Past due payments or underpayments shall bear interest accrued from the last day of the quarter for which the payment was due. Interest shall be paid at the state statutory rate of interest on judgments as established by F.S. § 55.03. 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. No. 01-07, § 1(21-44), 6-18-2001)