Compensation for Travel Lift. Marina Lift and Repair Yard Operation and Main- tenance Under Independent Contract. The Operator as sole compensation and payment to the City under this contract, agrees to pay the City 25% of all monies collected for Travel Lift revenue and 25% of all monies collected for any and all Boat Yard boat storage or rental fees, to be paid by the Operator to the City within ten (10) business days after the first day of each month that this contract is in effect. The Operator is entitled to keep 100% of all monies collected for any and all Boat Repairs, including painting, electronics, or other work. The City shall have no liability for any Boat repair work.
