§ A237-9. Franchise fee.

Pursuant to the terms and conditions of the Cable Television Act, Comcast shall pay to the Borough, as an annual franchise fee, a sum equal to 2% of the actual gross revenues received from all recurring charges in the nature of subscription fees paid by subscribers for its cable television reception services in the Borough. In the event that applicable state and federal law hereinafter changes to permit a higher franchise fee to be collected, but does not fix the amount thereof, or changes to allow the inclusion of Internet revenues in the franchise fee payment authorized under applicable cable television law, then the Borough and Comcast shall negotiate in good faith with respect to the amount thereof.