6A1 - Laserfiche WebLink

Home Browse Search

DTSB shall be entitled to a management fee as follows: Owner and DTSB acknowledge that DTSB is entitled to a monthly incentive fee equal to one half (50 %) of gross income generated by the operation. 7. ACCOUNTING A. DTSB shall keep complete accounts of parking revenues, receipts, expenses, copies of daily sales reports, deposit slips and reimbursements, and shall furnish Owner on or before the 30th day of each month a statement of such revenues and expenses for the preceding month. B. For services rendered, costs incurred and equipment furnished under this Agreement, DTSB, on or before the 20th day of each month during the term of this Agreement, will bill Owner 50% of gross revenue as compensation for management services rendered for the previous month. 8. RIGHT TO AUDIT DTSB agrees to keep, maintain, and make available, a complete set of books and records of all revenues received by DTSB in connection with the operation of the Premises. During the term of this Agreement, Owner shall have the right to inspect, copy, and audit, during normal business hours, all such records and supporting documentation at Owner's expense. Owner acknowledges that DTSB is required to store and maintain parking tickets used at the Premises for a period of three (3) calendar months. 9. RATES, SCHEDULES, AND STAFFING Parking rates, hours and methods of operation, discounts and allowances shall generally be determined by DTSB. 10. UTILITIES Owner shall provide the Premises with all applicable utility services, and shall pay directly to the utility for all such services. 11. TAXES AND ASSESSMENTS Owner will pay directly to the taxing authorities all taxes and assessments levied upon or assessed with respect to the real and personal property of, within, and adjacent to the Premises, other than business and parking taxes subject to reimbursement as described in paragraph S.J. 12. LIABILITY INSURANCE AND INDEMNIFICATION A. Except with regard to the provision of, or lack of the provision of, security or security services at the Premises, during the term of this Agreement, DTSB shall insure, indemnify and