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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 limited
<br /> to all rents,through-the-fence payments,fuel flowage fees,gross receipts taxes,any
<br /> other fees or revenues as may be collected (including access fees, customs fees,
<br /> sign lease fees, and landing fees), and any rent credits under leases approved by the
<br /> City. Gross revenues shall not include:
<br /> a. Security deposits unless and not until such deposits are applied as rental income
<br /> 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,use
<br /> taxes and any other taxes now or later imposed upon any property(whether real
<br /> or personal) at the Airport including but not limited to property leased to third
<br /> parties;
<br /> e. Payments in the nature of indemnification or compensation for loss, damage,or
<br /> liability sustained;
<br /> f. The actual uncollectible amount of any check or bank draft received by the City
<br /> or Operator as payment for rent, goods or services and returned to the City or
<br /> Operator from a customer's bank as being uncollectible (commonly "non-
<br /> 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 fixture
<br /> or personal property used in connection with the operation of the 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 the
<br /> City Manager;
<br /> j. Revenue received from any contract, lease, license or other agreement in which
<br /> TAP, its members, successors-in-interest, assigns, employees, any person who
<br /> is related to a member of TAP within the first degree by consanguinity (blood)
<br /> or affinity (marriage), or any business entity has any interest. For purposes of
<br /> this contract, the term "Business entity" means a sole proprietorship,
<br /> partnership, firm, corporation, holding company, joint-stock company,
<br /> receivership, trust, or any other entity recognized by law.
<br /> 1.0.11 Minor Repairs means those repairs not defined as Major Repairs and that are
<br /> $5,000 or less per repair or replacement needed.
<br /> 1.0.12 Major Repairs and Replacements means those repairs and replacements to the
<br /> Airport Property or equipment that significantly extends the equipment useful life
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