In addition to all rights granted under MMC 3.50.130, the City shall have the right to have performed a formal audit or a professional review of the franchisee’s books and records by an independent private auditor, for the sole purpose of determining the gross receipts of the franchisee generated through the provision of telecommunications services under this franchise and the accuracy of amounts paid as franchise fees to the City by the franchisee; provided, however, that any audit or review must be commenced not later than three years after the date on which franchise fees for any period being audited or reviewed were due. The cost of any such audit or review shall be borne by the City. The City agrees to protect from disclosure to third parties, to the maximum extent allowed by State law, any information obtained as a result of its rights pursuant to this section, or any compilation or other derivative works created using information obtained pursuant to the exercise of its rights hereunder. (Ord. 139 § 14, passed 11-13-2018)