4.7. SR 03-06-2017 - Laserfiche WebLink

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14. Revenue. All Revenues that the Operator receives from the management and operation of the Golf Course shall accrue to the City, and shall be deposited into the City's designated account. The Operator shall pay the City all revenue received from operation of the Golf Course including but not limited to green fees, membership fees, tournament fees and, concession fees, minus the cost of the Operator purchasing concessions and the cost of advertising approved by the City. The revenue collected during a month shall be paid to the City on or before the 10th day of the following month. 15. Payment. The City shall pay the Operator a management fee of$4,000.00 per month for managing the Golf Course. This fee shall be payable during the months of scheduled operations from April 1 to September 30. If the Operator and the City agree that weather and business is at a level to keep Golf Course open outside the stated window in any year (open before April 1 or remain open past September 30) the payment fee from the City to the Operator shall be at a daily rate of$129.00. Each monthly payment is due by the City to the Operator by the 10'h day of the following month. In addition to the management fee, the City agrees to pay the Operator, after the Golf Course is closed for the year, 25% of net profit for that year. "Net Profit" means all revenue received by the City from the Operator pursuant to paragraph 14 of this Agreement less all expenditures the City incurs in conjunction with the Golf Course including the management fee paid to Operator. All operating losses are the responsibility of the City. Except as specifically provided herein, the City will not compensate the Operator for any expenses the Operator incurs. 16. Concessions. The City shall invest up to $1,500 or any such amount required to improve the concessions area to meet state health code requirements. The Operator at City's expense shall provide the following concessions during the operating season: a. Golf balls, t-shirts, golf polos, sweatshirts and hats. b. Soda, candy, chips and packed sandwiches and other products approved by the City. 17. Advertising. The Operator, with City's approval and at City's expense shall provide the following advertising and promotion: a. Star News for league formation and membership. b. Manage the current Pinewood Golf Course Facebook page but may not delete any old posts, photos or videos. 18. Utilities and Operating Expenses. The City shall at its own expense be responsible for the following payments and obligations: a. All utilities, including gas, electric, water, cable, television, internet and telephone service. b. Burglar alarm and monitoring system. C. Irrigation and pump maintenance and the payment of contract fees for same, including winterization and annual fall blow out. d. Any expenditures over $500 will require prior approval by the Parks and Recreation Director and City Administrator Page 5of11 1914541