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<br />written approval of the City Council of the City of La Porte. <br /> <br />III. <br /> <br />As consideration for this concession, the Concessionaire shall pay, without demand, <br />a monthly concession fee in an amount equal to two-thirds (2/3) of the gross user fees <br />collected for the use of the pier. Gross User fee is defined as the total gate receipts less <br />any federal, state, and/or local taxes. The concession fee will be due and payable on or <br />before the 10th day of each month for the preceding month's activity. The Concessionaire <br />agrees to maintain documentation, on forms to be developed and provided by the City and <br />adhere to guidelines established by the City, of daily use and payments received. The <br />Concessionaire agrees to furnish to the City any and all reports which City may require <br />covering all receipts and income of the concession, and agrees that her books and other <br />records may be examined by the City or City Auditor or any other officer of the City at any <br />reasonable time. The Concessionaire agrees to keep and maintain said records and <br />books in La Porte. The Concessionaire may, on a daily basis, report and deposit with the <br />City all admission revenues generated by the pier operation. The City shall remit to the <br />Concessionaire the amount due to the Concessionaire pursuant to this agreement on a <br />monthly basis. <br /> <br />IV. <br /> <br />The Concessionaire shall operate and manage the fishing pier. Admission rates will <br />be set through negotiation with the City and shall be reasonable and equal to those <br />charged by concessionaires in comparable facilities. The Concessionaire agrees to <br />conform to the rates as set. The Concessionaire shall post a schedule of such fees, rates, <br />and prices at all times in a conspicuous place on the premises. <br /> <br />V. <br /> <br />During the term of this Agreement, Concessionaire's and City's obligations <br />hereunder, in addition to others specified herein, shall be as follows: <br /> <br />(a) The Concessionaire will abide by all applicable federal, state, and <br />municipal laws, ordinances, rules and regulations. Concessionaire <br />must obtain, at her own expense, all licenses and permits required for <br />the operation of said fishing pier and make the same accessible at all <br />times to city, county, state, and federal officers. Concessionaire <br />agrees to pay all federal and state permit and lease fees. The City <br />agrees to pay required state permit and lease fees from the <br />Concessionaire's share of collected receipts according to the following <br />formula: <br /> <br />15% of total permit fee for each of the months of June, July, August, <br /> <br />Pier Concession Agreement, REVISED, 0710 <br /> <br />Concession Agreement, page 2 of 9 <br />