CENTRAL PARKING SYSTEM, INC. (PARKING GARAGES -2013)

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G. "Management Fee" shall mean the fee that the City pays the Operator for performing those obligations set forth in the Agreement. The fee is proposed as an annual maximum fixed amount and is paid on a monthly prorated basis, H. "Parking Manager" shall mean the person that the Operator selects and appoints whose responsibility shall be overseeing the operation of the Parking Facilities, as further discussed in Sections 12 and 13 hereof. "Operating Expenses" shall mean expenses incurred by Operator for equipment or supplies, or paid to a third party vendor, which are not included as part of the Management Fee and which shall be reimbursed by the City up to a maximum of One Million One Hundred Eighty Thousand Dollars ($1,180,000) per year in accordance with the terms of this Agreement. 2. SCOPE OF SERVICES Operator shall perform those services as specified in detail in the RFP and the attached Proposal dated January 2, 2013, attached hereto and incorporated as Exhibit B. Optional additional services shall include valet parking services and the installation of certain improvements to enhance garage /parking lot security and operations, as requested by the City. These improvements may include, but are not limited to: upgrading/adding lighting, installation of security cameras, and improving circulation, where possible. Said optional services are not included under the Operating Expenses. Budgets detailing the proposed Operating Expenses shall be submitted for each Fiscal Year or portion thereof occurring during the term of this Agreement. The budgets shall show the estimated Operating Expenses for such Fiscal Year or portion thereof occurring during the term of this Agreement, in such format as is required by the Contract Administrator, or his/her designee. The initial proposed budget shall be submitted by Operator to the Contract Administrator prior to the commencement date set forth herein. Subsequent proposed budgets should be submitted prior to the commencement of the Fiscal Year to which they pertain. Operator and the Contract Administrator shall cooperate in good faith to develop reasonable approved budgets, provided, however, that the Contract Administrator shall retain ultimate authority to determine each approved budget in the event of disagreement. Any approved budget may be amended at any time by a written amendment approved by the Contract Administrator and Operator. In the event that the City incurs any obligation for Operating Expenses, which are not in accordance with an approved budget, City may deduct the amount of such obligation from the Management Fee. 3. TERM OF AGREEMENT 3.1 Initial Terni - The initial term of this Agreement is a two (2) year term, commencing on May 1, 2013 ( "Commencement Date ") and ending on April 30, 2015.