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HomeMy WebLinkAbout0151_0003United States Department of Commerce, as promulgated at the time of erection thereof: SECTION 5. TREE TRIMMING That the right, license, privilege and permission is hereby granted to the Telephone Company, its successors and as- signs, to trim trees upon and overhanging the streets, alleys, sidewalks and public places of the City, so as to prevent the branches of such trees from coming in contact with the wires or cables of the Telephone Company, and when so ordered by the City, said trimming shall be done under the supervision and direction of the City Council or of any City official to whom said duties have been or may be delegated. SECTION 6. ANNUAL CASH CONSIDERATION TO BE PAID BY THE TELE- PHONE COMPANY That to indemnify the City for any and all possible damages to its streets, alleys, and public grounds which may result from the placing therein of the Telephone Company's poles, conduits, or other equipment or apparatus, and to\\compensate the City for its superintendence of this agreement, and as the cash consideration for the same, the Telephone Company agrees to pay to the City annually during the continuance of this agreement a four 4$ sum of. money equal to AA& percent (ZZ) of the annual gross receipts derived by the Telephone Company from exchange access rates, contained in Sections 6 and 36 of its approved General Exchange Tariff, charged customers within the corporate limits of the City during the preceding year. The first payment hereunder shall be made March 31, 1984, and shall equal in amount to four 4% twa percent O of the gross receipts derived from exchange access rates from the date of passage of this Ordinance to December 31, 1983; and thereafter payment shall be made annually on March 31, as herein provided. The Telephone Company shall certify to the City each March 31st the gross receipts derived from exchange access rates for the period covered by the payments called for herein on such date, and the City shall have the right to designate representatives to confirm the amount of such receipts by reviewing the recordg of the Telephone Company. 4.