4.08.320 Quarterly franchise fee report.
A. Each franchisee shall complete and remit to the City a quarterly franchise fee report not later than the last day of the month immediately following the end of the quarter.
B. At the time of payment of the quarterly franchise fees, the franchisee shall file with the finance director a sworn and verified statement of quarterly gross revenues for the period covered by the tendered fee.
1. Such statements shall be public records.
2. Each franchisee shall maintain books and records disclosing the gross receipts derived from business conducted within the City, which shall be open at reasonable times for audit by the finance director.
3. The City may require a uniform system of bookkeeping and record keeping to be used by all franchisees. (D/D)
4. Misrepresentation of cash receipts shall be deemed:
a. Material and a breach of the franchise contract; and
b. Cause to initiate the process to terminate the franchise. [BC 4.08.320, added by Ordinance No. 4203, 5/6/02; amended by Ordinances No. 4613, 4/2/13, Ordinance No. 4794, 12/1/20]