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accounting costs and costs of handling and processing payroll, bills, accounts
<br />receivable and accounts payable as more specifically set forth in this Agreement
<br />and in the Approved Operating Budget attached hereto and incorporated herein by
<br />reference.
<br />1.0.10 Gross Revenue means all moneys actually collected by or on behalf of the City
<br />from the operation of the Airport during each Fiscal Year, including but not
<br />limited to all rents, through -the -fence payments, fuel flowage fees, gross receipts
<br />taxes, any other fees or revenues as may be collected (including access fees,
<br />customs fees, sign lease fees, and landing fees), and any rent credits under leases
<br />approved by the City. Gross revenues shall not include:
<br />a. Security deposits unless and not until such deposits are applied as rental
<br />income upon termination of a lease;
<br />b. Grants, including, without limitation, federal and state capital grants and local
<br />government grants;
<br />c. Income earned from the investment of cash (provided, however, that income
<br />from the investment of funds in the Operating Account and security deposits,
<br />unless otherwise required to be paid to a tenant, shall be included as a part of
<br />Gross Revenue);
<br />d. Property taxes, sales taxes, excise taxes, admissions taxes, occupancy taxes,
<br />use taxes and any other taxes now or later imposed upon any property
<br />(whether real or personal) at the Airport including but not limited to property
<br />leased to third parties;
<br />e. Payments in the nature of indemnification or compensation for loss, damage,
<br />or liability sustained;
<br />f. The actual uncollectible amount of any check or bank draft received by the
<br />City or Operator as payment for rent, goods or services and returned to the
<br />City or Operator from a customer's bank as being uncollectible (commonly
<br />"non- sufficient funds" checks);
<br />g. The actual uncollectible amount of any rent or sale of services for which the
<br />City or Operator accepted a credit card;
<br />h. Amounts received from the sale or trade -in of machinery, vehicles, trade
<br />fixture or personal property used in connection with the operation of the
<br />Airport;
<br />i. Receipts from the sale of waste, scrap, or salvage materials resulting from the
<br />sale or disposal of Airport assets, unless specifically approved in writing by
<br />the City Manager;
<br />j. Revenue received from any contract, lease, license or other agreement in
<br />which TAP, its members, successors -in- interest, assigns, employees, any
<br />person who is related to a member of TAP within the first degree by
<br />consanguinity (blood) or affinity (marriage), or any business entity has any
<br />interest. For purposes of this contract, the term "Business entity" means a sole
<br />proprietorship, partnership, firm, corporation, holding company, joint -stock
<br />company, receivership, trust, or any other entity recognized by law.
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