(A) Every Vendor shall collect the surcharge on behalf of the City and shall act as trustee therefor. Vendors are liable for payment to the City of the surcharge, whether due to the Vendor’s failure to collect the surcharge or otherwise.
(B) Receipts from the surcharge shall be remitted to the Treasurer no later than the tenth calendar day of the month following the month of collection of the surcharge. If any amount of the surcharge is not paid on or before the day on which it becomes due, interest shall be paid to the City from the first day following the day on which the surcharge becomes due, without regard to any extensions, until paid. Interest due shall be at a rate of 12% per annum and shall be computed on a daily basis.
(C) The Treasurer is authorized to require Vendors to separately state the surcharge on any or all transactions subject to the surcharge, or to make such returns or provide such other information as will reasonably allow the Treasurer to determine the Vendor’s liability for collection of the surcharge.
(D) Every Vendor shall keep such records as will allow the Treasurer to determine accurately the amount of the surcharge due to the City. Every Vendor liable for the surcharge shall make his books and records available for inspection by the Treasurer during regular business hours and shall retain such records for three (3) years.
(E) The Treasurer may select for random audit(s) one or more Vendors to verify the amount of Stadium Receipts subject to the surcharge and to ensure that the full amount of the surcharge is collected from each Vendor thus audited.
(F) The Treasurer may bring suit to enforce the imposition and collection of the surcharge or enforce provisions of any Vendor contract entered into pursuant to the Minor League Baseball Stadium Funding Act. The Treasurer is authorized to seek all remedies available at law or in equity.
(G) The Treasurer is authorized to enter into agreements with state and local governments and with Vendors to facilitate reporting, payment or collection of the surcharge.
(Ord. 60-2001)