Payment of Parking Surcharge to Village Sample Clauses

Payment of Parking Surcharge to Village. The Parking Surcharge will be implemented within 30 days after the issuance of the TCO for the 00xx Xxxxxx Garage. The Village will use the Parking Surcharge funds for parking and multimodal mobility initiatives or any other municipal purposes, at the Village’s discretion. The Village will at all times have the right to review the Owner’s parking reports to verify the amount of the Parking Surcharge being remitted to the Village. The Parking Surcharge records provided by the Owner will be reviewed by an independent auditor and will be handled in a manner similar to the handling of Resort Tax payments by the Village. The Parking Surcharge will survive the expiration or earlier termination of this Agreement as long as any portion of the Shops Property continues to be used for commercial uses. If the Owner ceases to charge customers and public users for parking, the Owner will no longer be required to collect the Parking Surcharge or remit Parking Surcharge payments to the Village. If, however, the Owner resumes charging for parking after ceasing to charge for parking, the obligation to collect and pay the Parking Surcharge will be reinstated. Prior to the final approval of the First Amendment at a second public hearing, Owner and Village will amend the terms of the Agreement Regarding Parking Surcharge and Police Fee previously agreed upon by the Owner and the Village to incorporate the changes in this First Amendment. The Agreement Regarding Parking Surcharge and Police Fee will be executed by the parties and recorded by the Owner within ten days after the Final Approval Date.
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Related to Payment of Parking Surcharge to Village

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