Reso 2011-1680 - Laserfiche WebLink

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City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 (305) 947-0606 phone (305) 949-3113 Fax or local laws or the laws of the State of Florida and/or licenses, permits and approvals to conduct the Race. 3. Payment Schedule. The City shall pay the above referenced fees as follows: (a) The City shall pay Offshore Events up to $20,000.00 anytime after execution of this Agreement and before April 15, 2011, upon presentation of invoices to the City. (b) The City shall pay Offshore Events up to an additional $10,000.00 anytime after April 15, 2011 and before May 15,2011, upon presentation of invoices to the City and provided that all permits have been secured, verification of adequate safety personnel, insurance requirements are met and conftrmation of fmancial ability to produce the race event as described above in Section 2. (c) Final payment of $10,000.00 shall be paid by City to Offshore Events at the completion of the race event but not later than 10 (ten) business days following the race event. This fmal payment may be reduced in the event the City fmds it necessary to direct pay any cost to support the event to insure its success as mutually agreed to with Offshore Events. 4. Coast Guard Permits and Other Necessary Governmental Permits and/or Approvals. Offshore Events shall (a) make prompt application to the Coast Guard and any other necessary governmental agencies, including but not limited to Marine Patrol, Miami-Dade County, etc. to obtain permits and other approvals required for racing on Friday, June 17, 2011, through Sunday, June 19, 2011 from 9:00 a.m. to 5:00 p.m. on all dates, or as otherwise agreed to in writing by Offshore Events, (b) furnish accurate and complete information regarding the Race as required, (c) pursue such application(s) with diligence, (d) cooperate in good faith with the Coast Guard and any other necessary governmental agencies to obtain such permits and approval(s). Offshore Events hereby agrees to cooperate with the City of Sunny Isles Beach and comply with all requirements of the Coast Guard and any other governmental agencies for such permits and/or approval(s) and shall furnish the City with a copy of said applications and a copy of said permits and/or approvals promptly after receipt thereof. Offshore Events shall provide the Coast Guard or any government agency with any documents, information and any other relevant requirements including but not limited to its safety plan and race course information. In addition, Offshore Events shall attend and/or conduct preliminary meetings with the Coast Guard and/or any such government agency, if necessary. 5. Production Materials and Media Coverage. For promotions pnor to the Race, Offshore Events shall provide the following: ClOll-030 OFFSHORE EVENTS Powerboat Racing Agreement Page 3 of 12 S/8