Compensation made pursuant to this Contract Franchise Ordinance shall be paid on a quarterly basis without invoice or reminder from the City and paid not later than forty-five (45) days after the end of the remittal period. Compensation shall be payable from services provided by the Local Provider from the effective date of the Franchise Contract which is contemplated by the parties to be on or after the effective date of the Contract Franchise Ordinance adopted by the Council of the City of Topeka. For the first year of this Contract Franchise Ordinance, said compensation shall be a sum equal to five percent (5%) of gross receipts. Thereafter, compensation for each calendar year of the remaining term of the Contract Franchise Ordinance shall continue to be based on a sum equal to five percent (5%) of gross receipts; unless the City notifies Local Provider prior to ninety days (90) before the end of the calendar year that it intends to increase or decrease the percentage of gross receipts for the following calendar year. Any increased gross receipt fee shall be in compliance with the public notification procedures set forth in subsections (l) and (m) K.S.A. 12-2001, as amended. Nothing herein shall prohibit the City from changing the method of compensation from gross receipts to an access line fee pursuant to K.S.A. 12-2001, as amended, through amendment to the Contract Franchise Ordinance or establishment of a new Contract Franchise Ordinance. (Ord. 19468 § 3, 9-21-10.)