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3) Use: The Garages shall be used exclusively for the parking of licensed motor <br /> vehicles and related purposes. The Operator shall: <br /> a) Manage and operate the parking services at the Garages; <br /> b) Furnish the personnel for the operation of the Garages, including evening <br /> attendants; <br /> c) Collect parking receipts and make deposits as hereinafter provided; <br /> d) Account for parking receipts and operating expenditures as hereinafter <br /> provided; and <br /> e) Consult with the Commission on parking matters. <br /> 4) Budget: Within fifteen (15) days of the execution of this Agreement, and by June <br /> 1st of each contract year, Operator shall prepare and submit to the Commission a <br /> proposed Budget for the operation and maintenance of the Garages for the next <br /> year. The Commission shall advise the Operator of its approval or disapproval of <br /> the proposed Budget as soon as reasonably possible. Thereafter, the Operator <br /> shall manage the Garages pursuant to the agreed Budget. <br /> 5) Deposit of Revenues: The Operator shall deposit on a daily basis all revenues <br /> collected from the operation of the Garages into a bank account designated by the <br /> Commission, and shall provide, on a weekly basis, to the Commission an account, <br /> acceptable to the Commission, of the daily revenues so deposited. <br /> 6) Monthly Accounting/Reimbursement of Operation Expenses: <br /> a) The Operator shall keep a complete account of all revenues and expenses <br /> arising from the operation of the Garages including parking revenues, receipts, <br /> operating expenses, copies of daily sales reports, deposit slips and disbursements, <br /> and shall furnish the Commission, on or before the 15th day of each month, with a <br /> statement of such revenues and expenses for the preceding month, including <br /> receipts for expenses incurred. <br /> b) Within fourteen (14) days of the receipt of such monthly statement, the <br /> Commission shall reimburse Operator the full amount of all expenses incurred by <br /> the Operator in the preceding month for the operation of the Garages, including <br /> but not limited to expenses incurred for wages, payroll taxes, fringe benefits, <br /> workers' compensation, fidelity bonding, elevator maintenance, snow removal, <br /> garage utilities, one telephone business line, data processing, supplies, uniforms, <br /> tickets, incidental equipment and improvements, and parking equipment <br /> maintenance. <br /> c) The Commission reserves the right to deduct from such monthly <br /> reimbursement any expenses disputed by the Commission in good faith until any <br /> such dispute is resolved between the Operator and the Commission. <br /> 7) Management and Enforcement Fee: <br /> 2 <br />