§ 5.36.610. Amount and payment of license fees.

(a)

During the term of each license, each licensee shall pay to the city an amount equal to five percent per year of the licensee's annual gross revenue.

The fees shall be paid quarterly not later than August 1, November 1, February 1, and May 1 for the preceding three-month period ending, respectively, June 30, September 30, December 31 and March 31. Not later than the date of each payment, each licensee shall file with the city manager a written statement signed under penalty of perjury by an officer of the licensee which identifies in detail the sources and amounts of gross revenues received by a licensee during the quarter for which payment is made.

(b)

No acceptance of any payment shall be construed as an accord that the amount paid is, in fact, the correct amount, nor shall such acceptance of payment be construed as a release of any claim which the city may have for further or additional sums payable under the provisions of this section.

(Ord. 747B §3(part), 2003)