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(a) Within thirty days after the signing of this agreement, SMG shall provide to the Facility the sum of One Hundred Fifty Thousand Dollars ($150,000) for Capital Improve- ments and Capital Equipment purchases relating to the Facility (the "First Capital Contribu- tion"). In addition, in the event that the parties exercise their option to renew this Agreement for the term of 2020 -2025, then within thirty days after the exercise of such option, SMG shall pro- vide to the Facility an additional sum of Seventy -Five Thousand Dollars ($75,000) for Capital Improvements and Capital Equipment purchases relating to the Facility (the "Second Capital Contribution ") (b) Amortization of the SMG Capital Contribution The amount of the First Capital Contribution shall be amortized over a period of one hundred twenty (120) months dur- ing the Management Term and the Renewal Term, if any, on a straight -line, non - interest bearing basis. The amount of the Second Capital Contribution shall be amortized over a period of sixty (60) months during the Management Term and the Renewal Term, if any, on a straight -line, non - interest bearing basis. In the event of the expiration or termination of this Agreement for any reason, the County shall pay, or cause any successor management company to pay, to SMG un- conditionally and without set -off the unamortized amount of the First Contribution and Second Capital Contribution existing as of such expiration or termination. The payment of any such un- amortized amounts shall be made to SMG no later than thirty (30) days following the effective date of such expiration or termination. 6. Records, Audits and Reports. 6.1 Records and Audits (a) SMG shall keep full and accurate accounting records relating to its activi- ties at the Facility in accordance with generally accepted United States accounting principles. SMG shall maintain a system of bookkeeping adequate for its operations hereunder and suffi- cient to allow the County to determine SMG's compliance with this Agreement and the Facility's complete financial status and performance at any time. SMG shall adjust its accounting proce- dures upon request by the County to conform with any applicable requirements of state or federal law or with the reasonable recommendations of the County's Finance Director, financial advisors or bond underwriters. SMG shall give the County's authorized representatives access to such books and records at any reasonable time. SMG shall keep and preserve for at least three (3) years following each Fiscal Year all sales slips, rental agreements, purchase order, sales books, credit card invoices, bank books or duplicate deposit slips, and other evidence of Operating Rev- enues and Operating Expenses for such period. In addition, on or before ninety (90) days follow- ing each Fiscal Year for which SMG is managing the Facility hereunder, SMG shall furnish to the County a balance sheet, a statement of profit or loss and a statement of cash flows for the Fa- cility for the preceding Fiscal Year, prepared in accordance with generally accepted United States accounting principles. The accounting records maintained by SMG hereunder for the Fa- cility shall be audited annually by the County's independent auditor as part of the County's over- all audit process. The County may, from time to time, audit the accounting records maintained by SMG hereunder for the Facility, at any reasonable time. The cost of any such audit shall be deemed an Operating Expenses hereunder. pdfconvert. 9450.1. cabarms_agreement_2015. doc 18 F -1 Attachment number 1 Page 98