Res 2010-146 - Laserfiche WebLink

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accounting costs and costs of handling and processing payroll, bills, accounts receivable and accounts payable as more specifically set forth in this Agreement and in the Approved Operating Budget attached hereto and incorporated herein by reference. 1.0.11 Gross Revenue means all moneys actually collected by or on behalf of the City from the operation of the Airport during each Fiscal Year, including but not limited to all rents, through -the -fence payments, fuel flowage fees, gross receipts taxes, any other fees or revenues as may be collected (including access fees, customs fees, sign lease fees, and landing fees), and any rent credits under leases approved by the City. Gross revenues shall not include: 1. Security deposits unless and not until such deposits are applied as rental income upon termination of a lease; 2. Grants, including, without limitation, federal and state capital grants and local government grants; 3. Rent or other compensation due and owing to the City for any month preceding the Effective Date; 4. Income earned from the investment of cash (provided, however, that income from the investment of funds in the Operating Account and security deposits, unless otherwise required to be paid to a tenant, shall be included as a part of Gross Revenue); 5. Property taxes, sales taxes, excise taxes, admissions taxes, occupancy taxes, use taxes and any other taxes now or later imposed upon any property (whether real or personal) at the Airport including but not limited to property leased to third parties; 6. Payments in the nature of indemnification or compensation for loss, damage, or liability sustained; 7. The actual uncollectible amount of any check or bank draft received by the City or Operator as payment for rent, goods or services and returned to the City or Operator from a customer's bank as being uncollectible (commonly "non- sufficient funds" checks); 8. The actual uncollectible amount of any rent or sale of services for which the City or Operator accepted a credit card; 9. Amounts received from the sale or trade -in of machinery, vehicles, trade fixture or personal property used in connection with the operation of the Airport; 10. Receipts from the sale of waste, scrap, or salvage materials resulting from the sale or disposal of Airport assets, unless specifically approved in writing by the City Manager; 11. Condemnation proceeds; 12. Revenue from a lease agreement between the City and San Marcos Executive Hangars, LLC, approved by Resolution No. 2009 -120R dated 15 September 2009; provided however, increased revenues from rent escalation or lease renewals shall not be excluded. 1.0.12 Minor Repairs means those repairs not defined as Major Repairs and that are $5,000 or less per repair or replacement needed. 3