25E - AGMT - FOSAZ FERRIS WHEEL - Laserfiche WebLink

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D. On a quarterly basis, FOSAZ shall provide City with all records of operation, maintenance, inspections, and certifications. At any time, FOSAZ shall permit City or its authorized representatives to inspect Ferris Wheel operations and equipment. E. Hours of operation and ticket prices shall be mutually agreed upon by the Parties and may be adjusted from time to time. 3. CONCESSION REVENUE SHARING All revenue generated by the operation of the Ferris Wheel shall be subject to the concession revenue- sharing provisions of the Master Support Agreement, or any updated or replacement agreement between City and FOSAZ for the benefit, and support of the Zoo. 4. OWNERSHIP OF FERRIS WHEEL City owns the Zoo property and all exhibits, support facilities, infrastructure, and animals contained within Prentice Park, including exhibits, support facilities, infrastructure, and animals previously purchased by or funded at FOSAZ expense. FOSAZ shall retain ownership of the Ferris Wheel and any other assets previously agreed to by the Parties, In the event of the dissolution of FOSAZ, any and all assets of FOSAZ shall be used to discharge any liabilities and debts of FOSAZ, The balance of such assets, if any, becomes the property of City to be used exclusively for the benefit of the Zoo. In the event that the Zoo ceases to exist, the balance of FOSAZ assets shall be distributed by a committee made up of the FOSAZ executive committee and an equal number of individuals from the City. 5. GENERAL LICENSE City hereby grants FOSAZ, its directors, officers, employees, contractors, subcontractors, and consultants a nonexclusive license to enter upon and use the Zoo facilities in connection with FOSAZ's execution of its responsibilities under this Agreement. 6. INSURANCE FOSAZ shall maintain and shall require its contractors and consultants, if any, to obtain and maintain insurance as described below: A, Comunercial General Liability Insurance, FOSAZ shall maintain commercial general liability insurance naming the City, its officers, employees, agents, volunteers, and representatives as additional inset ed(s) acid shall include, but not be limited to, protection against claims arising from bodily and personal injury, including death resulting therefrom and damage to property, resulting from any act or occurrence arising out of FOSAZ's operations in the performance of this Agreement, including, without limitation, Page 3 of 8 25E -5