Downtown Everett Association 2/21/2017

4. BUILDING, SIGNING AND ALTERATIONS A. The Manager shall not physically alter the parking facilities, but may install necessary portable signs, directional markers, etc. Building walls, sidewalks and landscaped areas may not be altered without written permission of the City. Capital investments and other fixed improvements in excess of $500 for an individual item will not be made without the prior written approval of the City. Work items shall not be broken down in an effort to evade this threshold. B. Installation of signs on any wall areas shall be approved in writing by the City. The Manager shall allow no advertising signs on the parking structure or inside except those specifically authorized by the City. 5. COMPENSATION A. Manager's Fee The Manager agrees to operate the garage and the City shall pay the Manager as full compensation for everything furnished and done under this Agreement a monthly payment in the amount of$16,613.00. This amount is to be applied towards the expenses which the Manager is responsible for which includes those set forth in this Agreement and all incidental operating expenses required to operate the Everpark Garage under the terms of this Agreement not set forth in the section herein entitled "Owner's Responsibility" (Article 3A). Payments will be made by the fifteenth day of the month for services performed in the preceding month, provided that the work required to be performed has been fully and satisfactorily completed pursuant to the terms of this Agreement. The City may withhold payment in whole or in part for damage caused Manager or Manager's uncured default. B. Reimbursable Expenses The City will reimburse the Manager for the following expenses, provided that City approval is obtained prior to the Manager incurring the expense. 1. Maintenance/repair to the gate equipment, time clocks, and elevator equipment not covered by a maintenance agreement, will be reimbursed at the rate of 100 percent. All maintenance and repair items over Five Hundred Dollars ($500) require the prior written approval of the City Representative. 2. In the event of snow or icy weather conditions, the Manager will remove snow and ice on the sidewalks that border the Everpark Garage. This cleaning should commence at approximately 7:00 a.m. or as soon as practical, and be cleared periodically throughout attendant's hours of work. The City agrees to reimburse the Manager for its actual direct costs incurred to clear the sidewalks. 3. Payment of applicable taxes. 6. FINANCIAL CONTROLS A. Manager must develop an Accounting Management Reporting System within thirty days of the effective date of this Agreement, which reporting system must be acceptable to the City's Finance Director. 5