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<br />E. The insurance coverage required herein must include coverage for work <br />performed by Company's contractors and subcontractors. <br />The Company will provide proof of insurance in accordance with this Franchise within <br />30 days of the effective date of the Franchise and by February 1st of each year thereafter. <br />Company will not be required to furnish separate proof when applying for permits. <br />SECTION 6. NON-EXCLUSIVE FRANCHISE. <br /> <br />This Franchise is not exclusive, and nothing herein contained shall be construed so as to <br />prevent the City from granting other like or similar rights, privileges and franchises to any other <br />person, firm, or corporation. <br />SECTION 7. COMPENSATION TO THE CITY. <br />In consideration of the grant of said right, privilege and franchise by the City and as full <br />payment for the right, privilege and franchise of using and occupying the Public Rights-of-Way, <br />and in lieu of any and all occupation taxes, assessments, municipal charges, fees, easement taxes, <br />franchise taxes, license, permit and inspection fees or charges, street taxes, bonds, street or alley <br />rentals, and all other taxes, charges, levies, fees and rentals of whatsoever kind and character <br />which the City may impose or hereafter be authorized or empowered to levy and collect, <br />excepting only the usual general or special ad valorem taxes which the City is authorized to levy <br />and impose upon real and personal property, sales and use taxes, and special assessments for <br />public improvements, Company shall pay to the City the following: <br />A. Beginning July 1, 2006, the franchise fee due from Company shall be a sum <br />comprised of the following: <br />(1) a charge, as authorized by Section 33.008(b) of PURA, currently the <br />product of a factor of 0.002407 multiplied by each kilowatt hour of electricity <br />delivered by Company to each retail customer whose consuming facility's point <br />of delivery is located within the City's municipal boundaries as such charge may <br />be revised from time to time in accordance with Section 33.008 ofPURA; and <br />(2) a sum equal to four percent (4%) of gross revenues received by Company <br />from services identified in its "Tariff for Retail Delivery Service," Section 6.1.2, <br />"Discretionary Service Charges," Items DDI through DD24, that are for the <br />account and benefit of an end-use retail electric consumer within the municipal <br />boundaries of the City. <br /> <br />6 <br />