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<br />4. Service Standards. Grantee shall maintain those technical and performance <br />standards as are detailed in Exhibit D attached. Grantee shall provide the City. or <br />its designee, upon request with reports of the performance of the I-Net and <br />Grantee's compliance with the technical and performance standards. <br /> <br />SECTION 8. <br /> <br />OPERATION AND ADMINISTRATION PROVISIONS <br /> <br />1. Administration of Franchise. The City Administrator or other designee shall have <br />continuing regulatory jurisdiction and supervision over the System and the <br />Grantee I s operation under the Franchise. The City, or its designee. may issue such <br />reasonable rules and regulations concerning the construction, operation and <br />maintenance of the System as are consistent with the provisions of the Franchise <br />and law. <br /> <br />2. Dele~ated Authority. The City may appoint a citizen advisory body or a Joint <br />Powers Commission, or may delegate to any other body or Person authority to <br />administer the Franchise and to monitor the performance of the Grantee pursuant <br />to the Franchise. Grantee shall cooperate with any such delegatee of City. <br /> <br />3. Franchise Fee. <br /> <br />a. During the term of the Franchise, Grantee shall pay quarterly to City or its <br />delegatee a Franchise Fee in an amount equal to five percent (5 %) of its <br />quarterly Gross Revenues, or such other amounts as are subsequently <br />permitted by federal statute. <br /> <br />b. Any payments due under this provision shall be payable quarterly. The <br />payment shall be made within thirty (30) days of the end of each of <br />Grantee's fiscal quarters together with a report showing the basis for the <br />computation. <br /> <br />c. All amounts paid shall be subject to audit and recomputation by City and <br />acceptance of any payment shall not be construed as an accord that the <br />amount paid is in fact the correct amount. <br /> <br />4. Access to Records. The City shall have the right to inspect, upon reasonable <br />notice and during normal business hours, or require Grantee to provide within a <br />reasonable time copies of any records maintained by Grantee which relate to <br />System operations including specifically Grantee's accounting and financial <br />records. <br /> <br />20 <br />