City Compensation. The City will pay the County a Booking Fee, Maintenance Charge, Surcharges, and Offsite Medical Charges as follows (together with such other charges as may be applicable in accordance with this Agreement):
City Compensation. In consideration of the exclusive contractual rights and agreement granted by the City to Contractor for provision of collection services for both residential and commercial solid waste generators, Contractor agrees to pay the City beginning January 1, 2004 (year one) 11% of all gross revenues received by Contractor for the provision of collection services under this Agreement. Beginning January 1, 2005, and thereafter, Contractor agrees to pay the City 12% of all gross revenues received by Contractor for provision of the collection services under this Agreement. The amount of any City compensation may be adjusted from time to time by the City with consent of the Contractor. In years 2004 and 2005 the cost of the increase in franchise fees will be borne by the Contractor. In subsequent years, all City compensation, including the 2% increase in franchise fees outlined above, shall be considered a pass-through cost for purposes of determining rates. Any increase or decrease in the city compensation percentage will require a rate adjustment. The City compensation shall be paid every two months and shall be considered late if not paid by the 20th day of the month in which it becomes due. Late payments are subject to a 2% late penalty for the amounts owing during the two-month payment period. Contractor shall pay an additional 2% on any unpaid balance for each following 30-day period that the Agreement fee remains unpaid. The compensation provided to City under this Section 6.01 is contractual in nature and was a materially bargained for term of this Agreement. Contractor and City agree that this amount is fair and reasonable in the applicable commercial setting existing at the time of execution of this Agreement. It is further agreed that the City is justified in receiving this compensation, whether received as compensation for the contractual rights provided in this Agreement, as a franchise fee, or as cost reimbursement to the City for street repair and solid waste programs.
City Compensation. On or before the first day of each month during the initial or any extended term hereof Contractor shall pay City five-thousand dollars. In addition to this fixed monthly payment commencing September 1, 2020 on or before the thirtieth day of each month during the initial or extended term, Contractor shall pay City a sum equal to fifteen percent (15%) of the gross receipts of Contractor :from all Shipyard Services received during the previous calendar Marine Travelift Operator Agreement August 2020 City Agreement No. 000000 month, including all utility expenses. The City will invoice the Contractor monthly for all utility expenses. Such remittances shall be accompanied by appropriate itemized documentation.
City Compensation
