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<br />discrepancies are the responsibility of the Contractor and shall be paid to City <br />as follows: <br /> <br />1. If Contractor can justify the discrepancy in writing to the satisfaction of <br />the Parking Manager, the amount undercharged or not collected is not <br />owed by Contractor. <br /> <br />2. If Contractor cannot justify the discrepancy in writing to the satisfaction of <br />the Parking Manager, and total discrepancies for the month exceed <br />$150.00 per facility, the amount undercharged or not collected shall be <br />deducted from Contractor's next monthly reimbursement. <br /> <br />3. All amounts overcharged by Contractor and all cash overages (amounts <br />received by Contractor in excess of amounts reported) shall be paid to <br />City. Amounts undercharged or of shortages by Contractor shall be <br />deducted from overcharges or overages. <br /> <br />4. Contractor shall complete IOUs when parkers are unable or unwilling to <br />pay parking fees. IOUs shall be delivered to the City on the business day <br />following the date the IOU is received. Contractor shall not receive <br />payment from parkers paying IOUs. Contractor shall follow policies <br />established by the City for completing and processing IOUs. <br /> <br />J. Vehicle Inventory <br /> <br />On a daily basis, during a time period to be determined by the Parking <br />Manager, Contractor shall make a list of all vehicles parked in the Parking <br />Facilities by license number and shall obtain such other information <br />concerning said vehicles as directed by the Parking Manager. <br /> <br />K. Parkinq Validations <br /> <br />1. Contractor shall be responsible for the collection and accounting of all <br />parking validations, in a manner prescribed by the Parking Manager and in <br />accordance with City revenue control and reporting procedures. <br /> <br />2. In respect to Contractor's responsibility to collect and account for parking <br />validations, Contractor shall incorporate the goal of assuring that the <br />utilization of parking validations in the Garage shall be for the purpose of <br />validating customer parking only. Contractor will cooperate with City <br />employees enforcing policies relating to the use of parking validations. <br /> <br />3. Contractor shall make every reasonable effort to monitor the fraudulent <br />utilization of validations and to identify all people who attempt to <br />fraudulently evade parking fees that are due and payable to the City. <br /> <br />4. City shall have the right to schedule times to meet and talk to employees <br /> <br />8 <br />