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FESTIVAL IN THE PARK AGREEMENT <br />THIS AGREEMENT is entered into this to day of July, 2008, by and <br />between the City of Mounds View, a municipal corporation under the laws of <br />Minnesota (the "City") and Festival in the Park of Mounds View, a Minnesota <br />non-profit corporation (the "Corporation"). <br />WHEREAS, the City is owner of City Hall, City Hall Park, and Community <br />Center (collectively the "Park") located within the City; and <br />WHEREAS, the Corporation desires to sponsor and coordinate an annual <br />community event entitled, "Mounds View Festival in the Park" (the "Festival"), to <br />be held on August 16, 2008 and August 17, 2008; and <br />WHEREAS, pursuant to Minnesota Statutes, Sections 471.15-.191 and <br />other law, the City has the authority to operate a program of public recreation and <br />enter into agreements with the Corporation pertaining to the conduct thereof; and <br />WHEREAS, the City desires that the Corporation sponsor and coordinate <br />the Festival; and <br />WHEREAS, the City is willing to support the Festival, as set forth in this <br />Agreement; and <br />WHEREAS, the Corporation is willing to undertake the Festival <br />sponsorship and support of the City in accordance with the terms and conditions <br />of this Agreement. <br />NOW THEREFORE, the parties agree as follows: <br />1. Scope of Festival. The Corporation will sponsor and coordinate all <br />aspects of the Festival. <br />2. Time and Performance. This Agreement will begin as of August 16, <br />2008, and will terminate as of August 18, 2008 (the "Termination Date"). <br />3. City Contribution. In support of the community-based Festival, the <br />City will provide a contribution of up to $4,250.00, which includes the $140.00 <br />dollar amount to be paid by the Corporation to the City for the amusement <br />license necessary for the Festival, with the amount of such actual monetary <br />contribution to be reduced by the cost to the City of providing city staff assistance <br />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. <br />Then up to $4,250.00 City contribution shall be reduced by the amount of the <br />personnel costs paid by the City for the Festival as set forth in Exhibit A. The <br />City will provide the assistance of City equipment to assist the Corporation as set <br />fort on Exhibit B, which is incorporated herein by reference. The City will allow <br />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 <br />the Park. The City will pay up to the above-referenced amount, minus the <br />appropriate reductions, to the Corporation after the City's payroll period following <br />the Festival. <br />