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B-2 <br />➢Supplier will deliver a reconciliation report consisting of an accounting of <br />Total Gross Billings and City Gross Billing Share for the preceding Contract <br />Year, together with any backup information reasonably requested by the <br />City. <br />➢If the City Gross Billing Share for the preceding Contract Year is in excess of <br />the Contract Year Guarantee Amount paid to the City for that preceding <br />Contract Year, then Supplier will deliver payment in an amount equal to such <br />excess. <br />Contract Year <br />Due Date for Payment <br />of Contract Year <br />Guarantee Amount <br />Due Date for Delivery of <br />Reconciliation Report and <br />Payment of Excess <br />January 1 – December <br />31, 2025 <br />15 days after last <br />signature on this <br />Agreement <br />March 1, 2026 <br />January 1 – December <br />31, 2026 February 1, 2026 March 1, 2027 <br />January 1 – December <br />31, 2027 February 1, 2027 March 1, 2028 <br />January 1 – December <br />31, 2028 February 1, 2028 March 1, 2029 <br />January 1 – December <br />31, 2029 February 1, 2029 March 1, 2030 <br />C.Monthly Reports. Within twenty (20) days after the end of each calendar month, <br />Supplier will deliver to Everett Transit a statement of the Total Gross Billings for the <br />previous month, including a statement of the size and type of display contracted for by <br />each advertiser and other information as may reasonably be requested by Everett <br />Transit. <br />D.Production Credit. Everett Transit will receive production credit up to $5,000.00 each <br />Contract Year, which can be redeemed by Everett Transit for the production and <br />installation of transit advertising displays produced by Supplier. The credit includes <br />graphic art design, printing and installation/removal by Supplier’s graphic design staff <br />and Supplier’s printing/installation/removal vendors. This production credit resets at <br />the beginning of each Contract Year and cannot be combined with any other Con tract <br />Year’s production credit. This credit is separate from the payments described in <br />Section B above.