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SJR-199377v4 <br />MU125-11 <br />policies of insurance shall be submitted to the City Clerk-Administrator at least <br />30 days prior to the Festival. The City reserves the right to reject the carrier if it is <br />not an A+ carrier licensed to do business in the State of Minnesota. <br /> <br /> f. Nothing herein shall be construed as a waiver of any immunity or <br />limitation on liability to which the City is entitled under law. <br /> <br /> 6. Termination. If either party fails to perform its obligations under this Agreement, <br />the other party may terminate this Agreement by giving written notice of the intention to terminate <br />to the other party at least thirty (30) days prior to such termination, provided, however, that if the <br />Corporation’s failure to perform its obligations hereunder creates or constitutes, in the sole <br />judgment of the City, a threat to the public health, safety, or welfare, the City may immediately <br />terminate this Agreement. <br /> <br /> 7. General Terms and Conditions. <br /> <br />a. The Corporation will provide all equipment used by the Corporation, <br />except the City equipment as set forth in Exhibit B which is incorporated herein by <br />reference. <br /> <br />b. Corporation will control its own schedule of work hours as necessary <br />to sponsor and coordinate the Festival. <br /> <br />c. Any and all reports, and other work products, whether completed or <br />not, that are prepared or developed by the Corporation as a part of this Agreement <br />shall be jointly owned by the City and the Corporation and shall be made available <br />to the City promptly at the City's request or at the termination of this Agreement. <br />The Corporation shall provide annual financial reports including all revenues and <br />expenditures related to the Festival for the past three years prior to execution of this <br />Agreement and a financial report including all revenues and expenditures related to <br />the Festival for the present year within thirty days of the date of the Festival. <br /> <br />d. Any titles of the several parts of the Agreement are inserted for <br />convenience of reference only and shall be disregarded in construing or <br />interpreting any of its provisions. <br /> <br />e. A notice, demand, or other communication under this Agreement by <br />either party to the other shall be sufficiently given or delivered if it is dispatched by <br />registered or certified mail, postage prepaid, return receipt requested, or delivered <br />personally to the following addresses: <br /> <br /> City: 2401 Highway 10 <br /> Mounds View, MN 55112 <br /> ATTN: Clerk-Administrator <br />