6.D.(1) Parking Garage Management Services Agreement

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dj Account for parking rcocipts acid operating expenditures ss }ECrcinaftcr proi~-ided; and c) Consult witl~R the Comrnissiim on parki~rg matters_ 4) Budget: Within fifteen (l ~) days of the execution of this Agrcenreut. and by Deccnrber l'` of each contract year; Operator shall prel~~are and submit to the; Commission a proposed Budget for the operation and maintenance of the Garages for Yhc next year. The Commissior shall advise the Operator of its approval or <Iisapproi%al of the. proposed Budget as soon as reasonably }x~ssiblc. Thcreaiter, the Operator shall manage the Garages pursuant to the agreed Budget. S) Deposit of T2eretrties: The Operator shall deposit on a daily basis gall revenues collected fr~on: the operation of the G,irages into a bank account designated by the Commission, and shall provide, on a weekly basis, to the Comrnissii~n an account, acceptable to tho Comr-~issioir, of the daily revenues so deposited. 6) 11tofrtl~iy Acconntina~Reimburseme~rt of Operation F.~penses: a) The Operator shall keep a complete account of all revenues and expenses arising; tiorl the operation of the Garages ine uding parkino~ revenues, receipts, nperatin[*_ expenses, copies of daily sales reports, deposit slips and disbc~rsemcnts, and sh~;li [~m-nish the Co~nmzssion, on or before thu 15°i clay of each month, ~~ith a statement of such revenues and expenses for the preceding month, including rec<:ipts Fier expenses incurred, b) y~%ithin fourteen (14) days of the receipt of such monthly statement, the Commission shall reimburse Operator the full aitiouat of all expenses sncurrcd by the Operator in the preceding month for the operation of the Gar~~ge,, including but not limited to expense; incurred tier wages, pa;-roll taxes, #iinge benefit;, ~~orkers' compensation, fidelit}~ bonding; clerator maintenance, snow removal, garage utilities, one telephone business line; data processing, supplis, uniforms, tickets, incidental equipment and improrcn~c~~ts, and parking ecluiprnent maintcnancc. c) The Con7nrission rese~ties the right tr, deduct from such monthly reimbursement. any expenses disputed by the Conunision in good faith until any such dispute i resolved bet~~~een the Operator and the Conunission. 1) ;1~1arr~emeirt i'ee: a) Por services rendered by the Operator pursuant to this Agreement. tlrc Commission a~,n•ces to pay a monthly management fee in accordance with the follo~~~ing schedule: