§ 5.04.150. Franchise reporting.

On or before one hundred twenty days following the end of each fiscal year, or other yearly period specified in the franchise agreement, during the term of the franchise agreement the franchisee shall submit one copy each of an annual written report to the county manager and director of business license. The written reports shall include the following information:

(a)

A detailed financial report as required by Title 6 of this code which conforms to Generally Accepted Accounting Principles (GAAP).

(b)

A general report which details the following:

(1)

Status of installation, if applicable;

(2)

Total ridership, in monthly and annual totals, in sufficient detail to determine capacity in persons per hour, per direction;

(3)

Incidents of cessation of operation, both planned and unplanned, including the cause, duration, and repairs required, if applicable;

(4)

Accidents, emergencies and circumstances where injury or the threat of injury to persons occurred or material damage or the threat of material damage to property occurred;

(5)

Any material claims made to the franchisee's insurer and any material claims paid by the franchisee's insurer; and

(6)

Any lawsuits in which the franchisee is directly or indirectly involved and which have a material impact on the franchisee's ability to perform the duties of the franchise agreement.

(Ord. 2959 § 1 (part), 2003)