OR 89-438 Amends Ordinance 206, transferred by Ordinance 206-A-2, by amending sec.6 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 89438
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS AMENDING ORDINANCE
NUMBER 206 OF THE CITY OF COPPELL, AS HERETOFORE TRANSFERRED
BY ORDINANCE 206-A-2, BY AMENDING SECTION 6: ADJUSTING
FRANCHISE FEES; PROVIDING A REPEALING CLAUSE; PROVIDING A
SEVERABILITY CLAUSE; AND DECLARING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS:
SECTION 1. AMENDING SECTION 6 OF ORDINANCE 206 OF THE
CITY OF COPPELL.
Ordinance number 206 of the City of Coppell, as
heretofore transferred by ordinance 206-A-2, is hereby
amended by amending Section 6 to read as follows:
"Section 6 FRANCHISE FEES
Grantee shall pay the City a quarterly franchise fee
equal to five percent (5%) of gross quarterly receipts and
said fee shall be paid within thirty (30) days after the end
of each calendar quarter. The City shall have the right to
inspect the Grantee's records during normal business hours
showing the gross subscribers receipts from which the
franchise fees are computed. Grantee shall furnish City a
gross receipts statement prepared and signed by a certified
public accountant within sixty (60) days after the close of
Grantee's fiscal year. As a result of this final statement,
adjustments shall be made by either the City or the Grantee
to the quarterly amounts paid during the preceding year."
SECTION 2. REPEALING CLAUSE
Any part of any ordinance inconsistent or in conflict
with the provisions of this ordinance are hereby repealed.
SECTION 3. SEVERABILITY CLAUSE
If any article, paragraph Or subdivision of this
ordinance shall be adjudged invalid or held unconstitutional,
the same shall not affect the validity of this ordinance as a
whole or any part or provision thereof, other than the part
so decided to be invalid or unconstitutional.
SECTION 4. EFFECTIVE DATE
This ordinance shall take effect immediately after
passage, as the law in such cases provides and the five
percent (5%) franchise fee established in section 1 above
shall be retroactive to January t, 1989 and shall pertain to
all gross receipts.
DULY PASSED by the City Council of the City of Coppell,
Texas, this the 25th day of April 1989
APPROVED
LOU DUGGAN, MAYOR
ATTEST
DOROTHY TIMMONS, CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORNEY