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<br />. <br /> <br />. <br /> <br />The City will provide electric and water service to the machines, except that the <br />Contractor may install the electrical and water service upon approval by City, the <br />cost of which will be repaid to Contractor from the monthly commission due City, <br />upon submittal of proper invoice, subject to City accowlting procedures. <br /> <br />H. Provide machines no older than five (5) years old. <br /> <br />I. Maintain exterior of machine(s) in a clean and "like new" condition. <br /> <br />II. FEES <br /> <br />A. Contractor agrees to pay the City and City agrees to accept from Contractor, the <br />following percentage of gross receipts, less the sales tax or a minimum of Two <br />Hundred Fifty Dollars ($250.00) per month. Commission will be computed using <br />the following formula: gross sales times appropriate percentage, minus sales tax, <br />in an amount not less than thirteen percent (13%) net for each item below. <br /> <br /> Gross Tax Net to City <br />I. Hot Beverages 20% -7% 13% <br /> Cup <br />2. Canned Sodas 20% -7% 13% <br />3. Combination 20% -7% 13% <br /> Snacks <br /> <br />B. Contractor shall pay the City amounts due from adjusted gross receipts of said <br />machines on or before the twentieth (20th) day of each calendar month, <br />commissions due for the previous month. If gross receipts are less than Two <br />Hundred Fifty Dollars ($250.00), the payment for that month will be Two <br />Hundred Fifty Dollars ($250.00). Payment shall be made to: City of Santa Ana, <br />Regional Transportation Center, 1000 E. Santa Ana Boulevard, Suite 300, Santa <br />Ana, California 92701. Two copies of the complete data showing how <br />commissions were calculated should be sent with the commission check. Late <br />payments will be subject to a two percent (2%) per week penalty and service <br />charge. <br /> <br />III. RECORD KEEPING AND AUDIT <br /> <br />A. Contractor shall establish and maintain separate accounting records specified for <br />the vending machine activity at The Depot. Contractor's accounting system shall <br />conform to generally accepted accounting principles and all records shall provide <br />a breakdown of total costs and revenues associated with The Depot including <br />maintenance and repair. <br /> <br />2 <br />