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8.1 SR 04-05-2021
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8.1 SR 04-05-2021
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Sponsor will be responsible for any costs more than Twelve Thousand Five <br />Hundred Dollars ($12,500.00). <br />d. Sponsor will also be responsible for any future costs for signage or other <br />Sponsorship assets related to a request by Sponsor to modify or change the name <br />or logo of the Sponsor. <br />Article II <br />Exclusivity <br />1. Exclusivity. Sponsor will have category exclusivity for all other advertising within the <br />Facility. The City will not make agreements with any Sponsor competitor. Competitor <br />("Competitor") is defused as any car dealership, or other business, that sells new or used car$` at <br />the retail level. <br />2. Additional Partners. The City reserves the right to sell advertising and entitlement to <br />additional partners ("Add.itional. Partners"), excluding Competitors, as set forth herein for naming <br />of other current or future physical spaces within the Facility, including the easterly ice rink (Rink <br />Two), the turf field house facility, the senior center, locker rooms, conferences rooms, the second - <br />level event center, and such other areas as may be delineated or added in the future. The City also <br />reserves the right to sell entitlement to Additional Partners for naming of other Facility assets <br />located in Rink One, including, but not limited to, dasher board signs, ice resurfacer wraps, etc. <br />Article III <br />Contribution <br />Sponsor hereby agrees to make an annual contribution ("Contribution") to the City of Twenty - <br />Eight Thousand Five Hundred dollars ($28,500.00). In year one of this agreement, sponsor agrees <br />to pay Ten Thousand Dollars ($10,000.00) on the Effective Date of this Agreement with the <br />remaining Eighteen Thousand Five Hundred Dollars ($18,500.00) due on June 1, 2021. Thereafter, <br />on or before June 1, each year during the term of this Agreement, Sponsor shall make an annual <br />contribution of Twenty -Eight thousand Five Hundred dollars ($28,500.00). <br />Article IV <br />Relationship of Parties; No Property Interest <br />1. Relationship of the Parties. Under this Agreement, the parties shall at all times be acting <br />and performing as independent contractors. Nothing contained in this Agreement shall be <br />construed to create a joint venture, principal, and agent, or any similar legal or equitable <br />relationship between the parties. Neither party shall have or exercise any control or direction over <br />the methods by which the other party provides services contemplated by this Agreement. Nothing <br />in this Agreement shall be construed to give Sponsor any control over or responsibility for <br />operation of the Facility. <br />2. No Property Interest. Nothing in this Agreement shall be construed as granting to Sponsor <br />any property interest in any City -owned property. The City maintains all its rights as the fee owner <br />of the Facility and all improvements thereon on behalf of itself and the public. <br />
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