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• notice from the City of the claimed breach or damage, the parties may arbitrate <br /> the existence or amount of such claim according to the terms of this agreement. <br /> 3. This agreement shall constitute the entire agreement between the parties and shall <br /> supersede all prior oral and written negotiations. <br /> 4. All written notices relative to this agreement shall be sent to: <br /> City Administrator John Hammerschmidt <br /> 2401 Highway 10 <br /> Mounds View, Mn 55112 <br /> 5. <br /> Article VIII. Definitions. <br /> Gross revenues shall be defined as all revenues for activities conducted or prepared at The <br /> Bridges, less general sales taxes and sales taxes imposed on the sale of alcoholic beverages. <br /> Prepaid fees will not be considered revenues until such time as The Bridges has provided the <br /> goods or services necessary to earn such fees. Discounts will be considered a reduction of gross <br /> revenues. Lesson revenue will be excluded from calculating gross revenues. Interest earnings <br /> and the proceeds from the sale of none merchandise items will be excluded from gross revenues. <br /> Merchandise sales shall be defined as the sale of all food, beverages, apparel, memorabilia, golf <br /> equipment and supplies, and similar items. <br /> Total4114 <br /> merchandise revenues shall be defined as the total gross revenues derived from <br /> merchandise sales. <br /> Total merchandise cost shall be defined as the cost of merchandise including all shipping and <br /> delivery charges. <br /> Average merchandise markup shall be defined as total merchandise revenues divided by total <br /> merchandise cost. <br /> Total personnel costs shall be defined as total cost of all personnel employed at The Bridges <br /> including salaries, incentive pay, bonuses, retirement, employer's share of payroll taxes, workers <br /> compensation, unemployment, etc. Personnel costs will not include the cost of any part of any <br /> other City employee unless agreed to in writing by the Manager and the City. Payments to.Golf <br /> Pro(s) for lessons in addition to any associated City payroll-taxes and costs, will be excluded <br /> from personnel costs. <br />