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<br />III. Section 3. FOSAZ CONCESSIONS is amended to read as follows: <br /> <br />(I) The introductory paragraph is amended to read as follows: <br /> <br />As part of its fundraising activities, FOSAZ shall have the non- <br />exclusive right to operate all concessions listed herein at the ZOO. All net <br />operating proceeds from the concessions shall be used for ZOO purposes <br />as approved by the ZOO Manager, or as specified herein. FOSAZ shall <br />provide CITY with an accounting of all concessions proceeds, including <br />operating costs. <br /> <br />(2) Sections 3 (A) - (F) in the Agreement remain unchanged. <br /> <br />(3) Section 3 (0). Concession Revenue Sharin~ is amended to read as follows: <br /> <br />O. Concession Revenue Sharin~ <br />(i) On or before December 31 st of each year, FOSAZ shall <br />remit the sum of ten thousand dollars ($10,000) to the <br />CITY to be used for veterinary expenses. These funds will <br />be deposited into a restricted CITY special revenue <br />account. The CITY shall provide FOSAZ with an <br />accounting of the expenditure of these funds on an annual <br />basis. <br />(ii) On the last day of each one-fourth (1/4) of the calendar <br />year, FOSAZ will remit to CITY ten percent (10%) of all <br />net concession revenue from the Gift Shop and Facility <br />Rental Areas. <br />(iii) CITY shall deposit concession revenue into a restricted <br />CITY special revenue account to be used exclusively by the <br />CITY for ZOO improvement projects, deferred <br />maintenance projects, educational opportunities, staff <br />development, and/or purchase of animals, as determined by <br />the Zoo Manager. <br />(iv) On the last day of each one-fourth (1/4) of the calendar <br />year, the CITY will provide FOSAZ with an accounting of <br />the expenditure of those funds. <br /> <br />(4) <br />follows: <br /> <br />Section 3 (H). Facility Rental Areas is hereby added to the agreement as <br /> <br />H. Facility Rental Areas: <br /> <br />(i) FOSAZ shall have the non-exclusive right to restrict access <br />and charge rent to any or all portions of the Zoo for private <br />events, which may include but are not limited to birthday <br />parties, receptions, or corporate events. <br />