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Madison Park <br />Se tember 4-7 $8,750.00 <br />Rosita Park <br />October 16-18 $4,500.00 <br />Centennial Park <br />October 2-4 $7,000.00 <br /> $49,500.00 <br /> <br /> <br />In addition to the fees set forth herein, Operator shall pay all required City fees and <br />deposits including the fees for police services and Park clean up, and obtain all required permits <br />and licenses as detailed in the RFP, Exhibit B hereto. All fees and deposits shall be due and <br />payable as set forth in the RFP. Additionally, failure to pay the cleanup/damage deposit and/ or <br />any other outstanding balances and fees a minimum often (10) business days prior to the start of <br />the event will result in a penalty of $500 per day. The vendor will not be allowed to start an <br />event if there is an unpaid balance. Vendor is subject to other monetary penalties for failure to <br />perform as set forth throughout the RFP. <br />SECURITY DEPOSIT <br />Contemporaneously with the execution of this Agreement, Operator shall deposit with <br />City the additional sum of $5,000.00 as a security deposit. The deposit shall be held by City, <br />without liability for interest, as security for the faithful performance by Operator of all the terms, <br />covenants, and conditions of this Agreement to be kept and performed by Operator during the <br />Term of this Agreement, or any extension thereof, and including the removal of Operator's <br />facilities as set forth herein. Assuming successful completion of all terms and conditions of this <br />Agreement, including those within the RFP, the security deposit, or any remaining portion <br />thereof, and any unused fees shall be returned within 60 days of the final carnival activity <br />provided for in the RFP. <br />5. TERM <br />This Agreement shall commence on the date first written above and. terminate on <br />December 31, 2009 unless terminated earlier in accordance with this Agreement. The term of <br />this Agreement may be extended for an additional 1 year term at the City's sole discretion <br />through a writing executed by the Executive Director of the Parks Recreations and Community <br />Services Agency and the City Attorney. <br />6. NON-POSSESSORY INTEREST <br />City retains full possession of the Park and Carnival Area and Operator will not acquire <br />any interest temporary, permanent, irrevocable, possessory or otherwise by reason of this <br />Agreement, or by the exercise of the permission given herein. Operator will make no claim to <br />any such interest. Any violation of this provision will immediately void and terminate this <br />Agreement. <br />25E-6 <br />