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• Section 1-11. Collection of Utility Tax. The Company and the City acknowledge that some doubt has been raised over the validity of the utility tax which the City requires the Company to collect. Without waiving its rights to object to or contest the utility tax, the Company waives its right to recover any costs incurred in collecting the tax, unless other parties which collect the utility tax are provided compensation for such costs. Section 1-12. Availability of Books and Records. The City shall have the right to inspect the books, records, maps, plans and other business records of the Company applicable to its Charlottesville operations during normal business hours after giving advance notice reasonably sufficient to permit transfer of appropriate records normally maintained outside of the City; provided that where volume and convenience necessitate, the Company may require inspection to take place on Company premises. Section 1-13. Fiscal Reports. The Company shall file annually with the City Manager, no later than one hundred twenty days after the end of the Company's fiscal year, a copy of a financial report applicable to its Charlottesville operations, including an income statement for the • preceding twelve month period, a balance sheet, and a statement of its investment in such properties on the basis of original cost, less applicable depreciation and identifying the method of calculating such depreciation. These reports shall be certified as correct by an authorized officer of the Company, and there shall be submitted along with them such other reasonable information as the City may request with respect to the Company's properties and expenses of operations within the City. Section 1-14. Transfer of Ownership or Control. A. This franchise shall not be assigned, transferred, leased, sublet, or mortgaged in any manner, nor shall legal or equitable title thereto, or any interest therein, pass to or vest in any person without the prior written consent of the City. The Company may, however, transfer or assign the franchise to a wholly-owned subsidiary of the Company and such subsidiary may transfer or assign the franchise back to the Company without such consent. Any other proposed assignee must show financial responsibility as determined by the City and must agree to comply with all provisions of the franchise. The City shall be deemed to have consented to a proposed transfer or assignment in the event its refusal to consent is not communicated in writing to the Company within sixty days following receipt of written notice of the proposed transfer or assignment. •