AgdaPkt 2008-09-08 - Laserfiche WebLink

Browse Search

6.3C Page 6 payment win be equal to five percent (5%) of the Gate Fee Revenue received by Authority during the calendar month immediately preceding the date payment is due. C. Future ChanQes to Operations/Franchise Fee Calculation. Should the means by which charges for delivery of materials to the SRDC Facility materia~ly change such that the franchise fee contemplated in this Agreement is significantly reduced or increased, the parties agree to meet and negotiate with each other in good faith in an effort to modify the franchise fee set forth herein in a fair and equitable manner such that their intent as set forth in this Agreement is aChieved. 2. TONNAGE REPORTS Authority will provide City quarterly with a report, prepared by the company operating the SRDC Facility, shOWing the total tons of materials delivered to the SRDC Facility. The report will be delivered to City concurrently with its delhieryto Authority. 3. RECORDS Authority will maintain records of its financial affairs as required by California law and the Joint Exercise of Powers Agreement. City, as a member of Authority, is entjtled to inspect such records at any time. These records will include accounts of all Gate Fee Revenue received fordelivery of materials to the SRDC Facilfty. 4. INSPECTION The City may inspect the SRDC Facility during its normal hours of operation. 5. INDEMNITY/INSURANCE The Authority will require in its contract with any third party for operation of the SRDC Facility that such party (a) indemnify the City to theS8rne extent that it indemnifies the Authority against liability arising out of the operation of the SRDC Facility, and (b) name the City as an additional insured on the policies of liability insurance which the Authority will require such operator to maintain. 3S41061162,.(lQ03 92S"393M 1i01101/08 -3-