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<br />. <br /> <br />e <br /> <br />4) The Concessionaire will deposit the Daily Cash Report Form, the collected revenues, <br />and the retained daily ticket stubs after each evening's closing at the depository as <br />designated by the City, in a locked money bag to be provided by the City. On a trial <br />basis, the depository will be the Recreation and Fitness Center safe. The R.F.C. staff <br />member on duty will place the money bag into the safe until the following morning <br />when it will be forwarded to City Hall along with the other Departmental deposits. <br /> <br />5) The Concessionaire will make periodic checks of the pier on a daily basis to assure <br />that customers are paying and also adhering to applicable rules and regulations posted <br />on the pier. Customers are required to show their half of the stub on demand, and <br />are required to pay if found without their half of their stub. City of La Porte agents <br />and Harris County agents are authorized to make periodic checks as well, to assure <br />that this procedure is followed. <br /> <br />6) The Finance Department will process the daily cash report by dividing it in equal <br />thirds (one-third to the City of La Porte, one-third to Harris County, and one-third to <br />Linda Witt) and assigning it appropriately among the various accounts as follows: <br /> <br />a) an account for the Sylvan Beach Fishing Pier Escrow (City and County <br />revenues go to this account until the amount reaches $60,000.00 and <br />then it is maintained according to a formula contained in the Agreement <br />between the City of La Porte and Harris County dated April 12, 1994.) <br /> <br />b) an account for the City of La Porte share of revenues (after escrow <br />account is satisfied). <br /> <br />c) an account for Harris County share of revenues (after the escrow <br />account is satisfied). <br /> <br />d) an account to pay annual pier lease fees to TNRCC as governed by the <br />pier Agreement between the COLP and Linda Witt. <br /> <br />e) an account for Linda Witt share of revenues (after the lease fee account <br />is satisfied). <br /> <br />7) The Finance Department will cut the appropriate checks to Harris County and to <br />Linda Witt on a monthly basis. <br /> <br />8) The Finance Department will assist the Parks and Recreation Department with <br />periodic audits to assure that this procedure is being followed on a timely basis. <br /> <br />page 3 of 3 <br />