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<br />Attachment number 2 <br />Page 1 of 13 <br /> <br /> <br />CITY OF SUNNY ISLES BEACH <br />AND OFFSHORE EVENTS POWERBOAT RACING <br />AGREEMENT CONTRACT NO: C0910-024 <br /> <br />THIS AGREEMENT (Agreement) IS entered into this day of <br />, 2010, by and between the City of Sunny Isles Beach, a municipal <br />corporation of the state of Florida ("the City") and Offshore Events, LLC, ("Offshore Events") a <br />corporation operating and existing under the laws of the State of Florida. <br /> <br />RECITALS <br /> <br />WHEREAS, Offshore Events has as its purpose servicing and promoting the sport of <br />Offshore Powerboat Racing and the individuals, firms, corporations and other business entities <br />who participate therein and is an organization formed for the purposes of the promotion, <br />development, organization and operation of powerboat racing events under the name of Offshore <br />Events; and <br /> <br />WHEREAS, Offshore Events and the City are desirous of entering into a mutually <br />beneficial agreement whereby Offshore Events shall produce an offshore powerboat race event. <br /> <br />( <br /> <br />, <br /> <br />NOW THEREFORE, in consideration of the mutual covenants contained herein the <br />parties agree as follows: <br /> <br />1. Pavment: The City agrees to pay to Offshore Events an amount not to exceed <br />$40,000.00 (Forty Thousand Dollars) for the powerboat race scheduled for Thursday, June 10, <br />2010, through Sunday, June 13,2010 (hereinafter referred to as "Race" or "Event"). <br /> <br />(a) City's Responsibilities: The City's responsibilities for this Agreement shall be <br />limited to an amount not to exceed $40,000 (Forty Thousand Dollars). <br /> <br />All City costs associated with police, safety, rescue and all other City services, including <br />regular pay, overtime pay, etc. shall be provided in kind by the City. The City's Public Works <br />Department will provide assistance for areas within the City of Sunny Isles Beach and minimal <br />assistance in setting up the Racer's Village. <br /> <br />In addition to the $40,000 costs referenced above, the City shall provide the following <br />fees and/or costs: (1) Non-paid advertising for press releases and local advertising; (2) space at <br />event sites by the City, provided said areas may be located in the City as approved at the <br />discretion of the City; and (3) Facilities, Race Areas, Registration and Meeting Rooms (if the <br />space is available in City owned and operated facilities and upon request from Offshore Events <br />and approved by the City, which approval will not be unreasonably denied). <br /> <br />The City will provide in-kind advertising through the City's website, newspaper, and its <br />local cable access channel, as well as through press releases to other news media outlets. <br /> <br />OFFSHORE EVENTS Powerboat Racing Agreement 2010 <br /> <br />1 <br /> <br />Agenda Item No.lOC <br />Date(j1i21120 10 <br />Page <br /> <br />64 <br />