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1. Scope of License <br />City hereby grants to Fiesta, and to persons authorized <br />by Fiesta, a revocable license to use that portion of Spurgeon <br />Street between Third and Fourth Streets (hereinafter referred to <br />as the "subject property") for the following purposes: <br />(a) Vending of food, drinks, artifacts and merchandise <br />and similar items customarily offered for sale in open-air markets. <br />(b) Displays, promotional activities and seasonal <br />decorations, including, but not limited to, a "merry-go-round." <br />2. Term of License <br />The license herein granted shall commence upon the <br />issuance of a Certificate of Completion by the Agency pursuant <br />to the D.D.A. Said License shall continue until revoked by City's <br />City Council. <br />3. Right to Charge for Use <br />As a condition to authorizing the use of any part of <br />the subject property for vending purposes, Fiesta may require <br />any vendor to pay a charge or rent for such privilege through <br />a lease or similar agreement. All such revenues received by <br />Fiesta shall be the property of Fiesta. <br />4. Insurance <br />As a condition to authorizing a vendor to use any part <br />of the subject property, Fiesta shall require such vendor to <br />obtain liability insurance naming the City of Santa Ana and its <br />2.