Sec. 665.107. - Agency agreement.

A person who is designated as a selling agent shall, before he is authorized to sell tickets for events in the sports and entertainment facilities, execute an agency agreement detailing the rights and responsibilities of the City and the selling agent. The agreement shall contain at least the following requirements and provisions: (a) The selling agent shall receive from the City consignments of admission tickets for events in the sports and entertainment facilities, or for such events (or classes of events) and for such facilities as may be specified in the agreement. (b) The selling agent shall, at the time the tickets are consigned to him, deposit with the City, at the place specified in the agreement, a certified check or draft in an amount equal to the value of the consigned tickets. Failure by the selling agent to deposit with the City, at the time and in the manner specified in the agreement, the moneys from ticket sales and any unsold tickets, to the value of the original consignment (plus or minus any discounts or other adjustments authorized by the Director) will authorize the City to deposit the certified check or draft as payment to the City, any excess upon settlement being returned to the selling agent. (c) The selling agent will maintain accounting records as are prescribed by the City to enable the selling agent to account for and control tickets that are under consignment and the City to ascertain the moneys due it as a result of consignments of tickets. The City shall have the right to audit the books, records and inventory of the selling agent at all reasonable times with respect to tickets and ticket sales. (d) The selling agent shall sell tickets only at the locations designated in the agreement, during the hours agreed upon between the selling agent and the Director. The agreement may also limit the number of persons who may have access to unsold tickets and to moneys collected from ticket sales, if the Director considers this to be in the public interest. (e) The selling agent will make refunds if an event is cancelled after ticket sales for the event have commenced, for such period of time and under such conditions as are specified in the agreement. (f) The substance of the provisions of Sections 665.108 and 665.109 shall be made a part of the agreement. (g) The agreement, and funds in the possession of the selling agent resulting from ticket sales under the agreement, shall not be assigned or assignable to any other person whatsoever. (Ord. 82-278-160, § 1; Ord. 83-591-400, § 1) Note— Former § 266.107.