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Docusign Envelope ID : 177AA06A-30B442FF-A85A-78B5A7C51DBE
<br /> policies customarily utilized by Manager in connection with the management of a public facility
<br /> such as the Facility . The Facility Policy Manual shall at all times and in all iterations be in
<br /> compliance with the terms of this Agreement .
<br /> FF & E : Furniture , fixtures , and equipment to be procured for use at the Facility .
<br /> Fiscal Year : Each twelve ( 12 ) month period during the Term , commencing on July
<br /> 1 and ending on June 30 , and includes the period between the Effective Date and June 30 ,
<br /> 2025 .
<br /> General Manager : The employee of Manager acting as the full -time on -site general
<br /> manager of the Facility .
<br /> Laws : Means all applicable laws , statutes , rules , regulations , and ordinances .
<br /> Manager : The term " Manager" shall have the meaning ascribed to such term in the
<br /> first paragraph to this Agreement and includes that Manager' s successors and permitted
<br /> assigns .
<br /> Operating Account(s ) : A depository account( s ) into which revenues are deposited
<br /> and a disbursement account through with expenses are paid . Separate interest-bearing
<br /> account(s ) in the name of the Owner at a licensed bank , to be designated by the Owner ,
<br /> where Revenue is deposited and from which Operating Expenses are paid .
<br /> Operating Budget : A line-item budget for the Facility that includes a projection of
<br /> revenues and operating expenses , approved on an annual basis and reviewed on a monthly
<br /> basis .
<br /> Operating Expenses : All expenses incurred by Manager in connection with its
<br /> operation , promotion , maintenance and management of the Facility , including but not
<br /> limited to the following :
<br /> ( i ) employee payroll , bonuses and benefits ( including payments to any national
<br /> benefit system ) , relocation costs , termination costs ( including severance costs and
<br /> payments in lieu of termination ) , and related costs , ( ii ) cost of operating supplies , including
<br /> general office supplies , ( iii ) advertising , marketing , group sales , and public relations costs ,
<br /> ( iv ) cleaning expenses , (v) data processing costs , (vi ) dues , subscriptions and membership
<br /> costs , (vii ) the Base Management Fee , (viii ) printing and stationery costs , ( ix ) postage and
<br /> freight costs , (x ) equipment rental costs , (xi ) minor repairs , maintenance , and equipment
<br /> servicing , not including expenses relating to performing capital improvements or repairs ,
<br /> (xii ) security expenses , (xiii ) telephone and communication charges , (xiv) Taxes , (xv) cost
<br /> of employee uniforms and identification , (xvi ) exterminator and trash removal costs , if
<br /> applicable (xvii ) computer, software , hardware and training costs , (xix ) utility expenses ,
<br /> (xx ) office expenses , (xxi ) audit and accounting fees , if pre -approved by Owner , (xxii ) loss ,
<br /> costs , damage , liability and any other obligations arising under or incurred under Service
<br /> Contracts and other agreements relating to Facility operations , (xxiii ) all bond and
<br /> insurance costs , including but not limited to personal property , general liability ,
<br /> professional liability and worker's compensation insurance , (xxiv) commissions and all
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