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<br />. <br /> <br />e <br /> <br />AGREEMENT BETWEEN THE CITY OF LA PORTE <br />AND THE LA PORTE LIVESTOCK SHOW AND <br />RODEO ASSOCIATION REGARDING THE USE <br />OF THE LA PORTE LIVESTOCKlRODEO ARENA <br /> <br />WHEREAS, the City of La Porte (the "City") is the owner and operator of the <br />La Porte LivestockIRodeo Arena (the "Arena") as part of the parks and recreational facilities <br />of the community; and <br /> <br />WHEREAS, the CitY is constructing a structure to cover the existing Arena for <br />year round operations for the benefit of the citizens of La Porte; and <br /> <br />WHEREAS, the La Porte Livestock Show and Rodeo Association (the <br />"Association") has contributed funds in the amount of $ 40,000.00, which funds have been <br />matched by the City, toward the construction of the Arena; and <br /> <br />WHEREAS, the Association has agreed to continue contributing to the cost of <br />construction in the amount of $ 10,000.00, with matching funds from the City, per year'until <br />the capital costs for the initial construction of the arena cover has been repaid; and <br /> <br />WHEREAS, the City wishes to recognize the funding that has been provided by <br />the Association; <br /> <br />NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS: That in <br />consideration of the mutual covenants, agreements and benefits to both parties, it is. agreed as <br />follows: . <br /> <br />I. <br /> <br />The City will manage all operations, rentals, and reservation business regarding the Arena. <br />The City will assume responsibility for maintenance of all structures at the Arena. The <br />Association will be responsible for maintenance of all fencing and pens in the Arena area either <br />existing or in the future. All fencing and pens purchased by the Association remain the <br />property of the Association. The Association agrees to the use of the arena fencing and pens <br />by the general public during Open Use periods and by private parties using the Arena on a <br />rental basis. This use will be at no cost to the City. A deposit will be required of all rental <br />parties which will cover any damage to the facility or arena fencing. All revenue generated <br />by the rental of the facility will be used to offset the City's cost of operating ann ft'\";-" : IIJ'/y'--- <br />the facilities. All excess revenues will remain property of the City. ~e.J, f) (~~ 5J ~ ~ j . " <br />~~~ '5'1 < <br />.J.- ~11 ~ <br />\. rJO\ )t. <br /> <br />f) I d 'l"-;;}~ <br />~~N~ <br />