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PERMIT: (PURSUANT TO LBMC SECTION 16.08.920) USE & OCCUPY PORTIONS OF DOCKS, SLIPS & END TIES OF RAINBOW HARBOR & RAINBOW MARINA AS DETERMINED BY MARINE BUREAU OF CITY'S DEPARTMENT OF PARKS, RECREATION & MARINE FOR BERTHING PERMITTEE'S VESSELS & FOR EMBARKING & DISEMBARKING PASSENGERS IN CONNECTION WITH OPERATION OF SAILBOAT CHARTER SERVICE AT RAINBOW HARBOR MARINA, SAILING/BOATING CLUB/SCUBA DIVING CLUB & SALE & BROKERING OF MARINE VESSELS AT RAINBOW MARINA - PERMIT FEE: 6% IN YEAR 1; 6.5% IN YEAR 2; & 7% IN YEAR 3 OF PERMITTEE'S GROSS RECEIPTS OR AN ANNUAL MINIMUM OF $5,000 WHICHEVER IS GREATER