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incentive payments due to BCG in a timely manner; establish fees, rules and regulations; <br /> and to monitor the Facility for BCG's compliance with the terms of this Agreement. The <br /> City shall also be solely responsible for providing staff, materials and supplies related to <br /> the maintenance of the golf course, buildings, landscape, and grounds as well as all <br /> maintenance equipment for the foregoing. The City shall pay for the cost of all water, <br /> sewer, electric, gas, propane, or other energy utilities, and refuse collection used in <br /> connection with the operation and maintenance of all aspects of the golf course, <br /> buildings, and Facility. <br /> 7. COMPENSATION <br /> A. Fixed Fee. In consideration of the services provided to BCG as set forth herein, <br /> for each calendar year during the Term of this Agreement, the City shall pay BCG <br /> an amount equal to Two Hundred Twenty Thousand Dollars ($220,000) (the <br /> "Fixed Fee") payable in twelve equal monthly payments of Eighteen Thousand <br /> Three Hundred Thirty Three Dollars and Thirty Three Cents ($18,333.33) payable <br /> on the first (1st) business day of each month during the Term. Partial months <br /> shall be prorated based on the actual number of days included within those <br /> months. Beginning in April 2005 and for each successive twelve-month period <br /> thereafter, the Operating Fee shall be adjusted by 0.9 times the Seattle, <br /> Washington Consumer Price Index ("CPI") June-to-June measurement period for <br /> the immediately preceding calendar year, provided that total revenue has <br /> increased by at least three percent for the immediately preceding calendar year. <br /> B. Variable Fee. BCG shall also receive a Variable fee (the "Variable Fee") based <br /> upon a percentage of revenues net of sales tax and admissions tax set forth below: <br /> Category of Percentage of Gross Percentage of Gross <br /> Gross Revenue Revenue Revenue <br /> Payable to BCG as Retained by City <br /> Gross <br /> Revenue Fee <br /> Green Fees 15% 85% <br /> Golf Cart Rental/Trail 15% 85% <br /> Fees <br /> Annual Membership 15% 85% <br /> Fees <br /> Restaurant/Food 80% 20% <br /> Service <br /> Beverage Cart Alcohol 60% 40% <br /> Pro-Shop Merchandise 90% 10% <br /> Golf School/Clinic 100% None <br /> Income <br /> Pull Cart/Club Rental/ 900/0 10% <br /> Handicap Fees <br /> Rental Hall 80% 20% <br /> 1 11 <br />