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Agreement, or any extension thereof, and including the removal of Operator's facilities as set forth <br />herein. Assuming successful completion of all terms and conditions of this Agreement, including <br />those within the RFP, the security deposit, or any remaining portion thereof, and any unused fees <br />shall be returned within 60 days of the final carnival activity provided for in the Agreement. <br />5. TERM <br />This Agreement shall commence on the date first written above and terminate two (2) years <br />later, unless terminated earlier in accordance with Section 19, below. The term of this Agreement <br />may be extended for three (3) additional one (1) year terms at the City's sole discretion through a <br />writing executed by the City Manager 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 any <br />such interest. Any violation of this provision will immediately void and terminate this Agreement. <br />7. NON -RECORDING <br />Neither party shall record this Agreement. <br />8. RECORD KEEPING AND AUDIT <br />a. Operator shall establish and maintain separate accounting records for each Carnival <br />Event at the specified Parks. Operator's accounting system shall conform to the <br />generally -accepted accounting principles and all records shall provide a breakdown <br />of total costs and revenues associated with the Park Carnival Events. <br />b. All Operator's records of revenues and repairs pertaining to the Carnival Events <br />referenced herein shall be kept for the duration of this Agreement and made <br />available at all times for audit by the City upon request. <br />9. INDEPENDENT CONTRACTOR <br />Operator shall, during the entire term of this Agreement, be construed to be an independent <br />contractor and not an employee of the City. This Agreement is not intended nor shall it be <br />construed to create an employer -employee relationship, a joint venture relationship, or to allow the <br />City to exercise discretion or control over the professional manner in which Operator performs the <br />services which are the subject matter of this Agreement; however, the services to be provided by <br />Operator shall be provided in a manner consistent with all applicable standards and regulations <br />governing such services. Operator shall pay all salaries and wages, employer's social security <br />taxes, unemployment insurance and similar taxes relating to employees and shall be responsible <br />for all applicable withholding taxes. <br />Page 3 of 11 <br />