PARKING CONCEPTS INC. OF LOS ANGELES 1 - 2007

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each month that the unpaid individual monthly permit remains active after the seventh day (7) of each month or the maximum daily parking rate for each unpaid event parking pass that was created and used at a Parking Facility. f. Failure to follow the Routine Maintenance and Minor Repair requirements in any part. Twenty -five dollars ($25) per occurrence. g. Failure to maintain revenue control equipment to ensure accuracy and Consistency of operations or failure to schedule or follow up on the repair of revenue control equipment malfunctions within twenty -four (24) hours of occurrence. One hundred dollars ($100) per occurrence per day. Notification of Failure to Perform Upon determining the existence of a breach under a -g above, the Contract Administrator shall issue a written notice to Operator of the occurrence of such breach and the City's claim for liquidated damages. a. The notice of breach shall become final unless the City receives from Operator not later than ten (10) Business Days after the date of the notice of breach, a written statement from Operator, accompanied by evidence, that the breach did not occur. If such written statement and evidence is not received by the Deputy City Manager within ten (10) Business Days of the date of the notice of breach, the Contract Administrator's determination shall be final. Operator agrees that the Contract Administrator shall deduct the amount of such liquidated damages from the next monthly payment due to Operator. b. If the Operator contests the imposition of a liquidated damage, the Contract Administrator shall review Operator's written statement and evidence as soon as reasonably possible, and render a decision sustaining or reversing the determination that a breach occurred and the claim for liquidated damages, Contract Administrator shall deliver to Operator a written notice of decision no later than ten (10) Business Days after receipt of Operator's written statement and evidence. 30. TRANSITION OF OPERATION AND MANAGEMENT Upon the expiration of this Operating Agreement or its earlier termination, the Operator agrees to cooperate fully with the City in the smooth and businesslike transition of the management and operation of the Parking Facilities to a new operator. 31. TITLE TO IMPROVEMENTS Title to all equipment and improvements shall remain with the City. All signs and gate arms installed by the Operator shall immediately upon installation become the property of the City.