§ 10-343. City to be paid due compensation.

(a)

The city hereby requires from telephone and telegraph companies due compensation of three percent of the actual recurring local service revenues, as defined in O.C.G.A. § 46-5-1(b)(8) and (9); provided, however, that any company which pays in excess of three percent of the actual recurring local service revenues pursuant to an existing franchise agreement shall continue to pay in accordance with the agreement until the expiration of the franchise agreement or December 31, 2012, whichever occurs first, and any company which pays in excess of three percent of the actual recurring local service revenues in accordance with an occupational license tax arrangement shall continue to pay in accordance with such payment schedule until December 31, 2012.

(b)

Regarding any telephone company that maintains and operates lines and facilities occupying municipal streets and rights-of-way and does not have retail, end user customers located within the city's municipal boundaries, the payment by such company to a municipal authority in accordance with the rates set by regulations promulgated by the state department of transportation (GDOT) for the use of its rights-of-way shall be considered the payment of due compensation.

(Ord. No. 2009-06, § 1(10-200), 9-8-2009)