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FESTIVAL AGREEMENT <br />THIS AGREEMENT is entered into this s Ikdday of ,2001, by and <br />between the City of Mounds View, a municipal corporation under the 1 ws of Minnesota (the <br />City") and the Festival in the Park, Inc., a Minnesota non-profit corporation (the "Corporation"). <br />WHEREAS, the City is owner of City Hall, City Hall Park, community center and the <br />Bridges Golf Course (collectively the "Park") located within the City; and <br />WHEREAS, the Corporation desires to sponsor and coordinate an annual community event <br />entitled, "Mounds View Festival in the Park" (the "Festival"); and <br />WHEREAS, pursuant to Minnesota Statutes, Sections 471.15-.191 and other law, the City <br />has the authority to operate a program of public recreation and enter into agreements with the <br />Corporation pertaining to the conduct thereof; and <br />WHEREAS, the City desires that the Corporation sponsor and coordinate the Festival; and <br />WHEREAS, the City is willing to support the Festival, as set forth in this Agreement; and <br />WHEREAS, the Corporation is willing to undertake the Festival sponsorship and support of <br />the City in accordance with the terms and conditions of this Agreement. <br />NOW THEREFORE, the parties agree as follows: <br />1. Scone of Festival. The Corporation will sponsor and coordinate all aspects of the <br />Festival. . <br />2. Time and Performance. This Agreement will begin as of June 29, 2001 and will <br />terminate as of July 31, 2001 (the "Termination Date"). <br />3. City Contribution. hi support of the community-based Festival, the City will <br />provide a contribution of $4,000.00, which includes the $140.00 dollar amount to be paid by the <br />Corporation to the. City for the amusement license necessary for the Festival, with the amount of <br />such actual monetary contribution to be reduced by the cost to the City of providing City staff <br />assistance to the Festival. The City will provide the assistance of City staff to assist the <br />Corporation as set forth on Exhibit A, which is incorporated herein by reference. The $4,000.00 <br />City contribution shall be reduced by the amount of the personnel costs paid by the City for the <br />Festival as set forth in Exhibit A. The City will provide the assistance of City equipment to <br />assist the Corporation as set forth on Exhibit B, which is incorporated herein by reference. The <br />City will allow use of the Park upon the Corporation requesting and obtaining the appropriate <br />permits from the City for the Park. The City agrees to waive the permit fee for the Park. The <br />City will also assist with the Festival community golf tournament pursuant to the terms set forth <br />SIR -199377v2 <br />MU125-11