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h. The Contractor shall, during the term of this Contract, make all <br /> improvements as specified above. <br /> i. The Contractor shall maintain records on the costs of improvements and <br /> shall make such records available to the City for audit. <br /> J. OPERATOR COMPENSATION <br /> 1. Direct Costs <br /> a. Contractor shall bill the City weekly all direct costs incurred pursuant to <br /> Sections G and I herein. <br /> 2. Monthly Fee <br /> a. During the term of this Contract, in addition to direct costs incurred and <br /> reimbursed as specified in Article K.3d and K.3e,the City shall pay the <br /> Contractor,on a monthly basis, a fixed management fee in the amount of$ <br /> $7500 per month for American Legion Memorial Golf Course and $ $6000 per <br /> month for Walter E. Hall Golf Course. The City will pay the monthly fee after <br /> services have been rendered,within 30 days receipt of an invoice from the <br /> Contractor,provided, however,that the Contractor provide the City with the <br /> monthly Facility Sales Report(Sample attached as Exhibit I) for each course <br /> within 3 days of the end of each month. This report must be reconciled to the <br /> City's monthly Cash Collection Report for each course. Any variance will be <br /> resolved with the Contractor before the monthly fixed management fee is paid. <br /> b. The list of Contractor services performed for the monthly fee is contained in <br /> Exhibit J. <br /> c. The monthly management fee shall not be increased during the term of the <br /> Contract. <br /> d. During the term of this Contract,the City shall pay the Contractor a growth <br /> incentive based on the financial performance of each course. The growth <br /> incentive takes into account total gross revenue, Operator Direct Costs,the <br /> Gross Operating Profit and the Contractor's written submittals, including <br /> subsequent written proposal clarifications, as part of the response to the City's <br /> Request For Proposal, 2021-061. The following is used to calculate the annual <br /> growth incentive. It is based on the combined total gross operating profit(i.e. <br /> total gross revenue [minus applicable taxes] from golf course operations minus <br /> Contractor direct costs and merchandise and food/beverage cost of goods sold). <br /> 19 <br />