Reimbursement of City Expenses. The parties agree that in accordance with the provisions of Paragraph 5, MBI shall pay to the City the amount of $53,693.75 which Midway City agrees is full and complete reimbursement and payment of: 1) all City Expenses incurred to operate the Ice Rink; 2) all Start-Up Funds, CapEx Funds, and City Advance Funds expended to operate the Ice Rink; and 3) 30% of remaining Net Income.
Appears in 4 contracts
Samples: Rink Facility Management Agreement, Rink Facility Management Agreement, Rink Facility Management Agreement
