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City Commission <br />City of La Porte <br />P. O. Box 1115 <br />• La Porte, Texas 77571 <br />Gentlemen: <br />This letter will serve as an agreement between CAPRICORN MARKETING, <br />INC., a Florida corporation with offices at P. O. Box 854, Altamonte <br />Springs, Florida 32701 (hereinafter referred to as CAPRICORN) and <br />City of La Porte, a municipality with offices at P. O. Box 1115, <br />La Porte, Texas 77571 (hereinafter referred to as CITY). <br />CITY agrees to provide CAPRICORN with full use of its facilities <br />for parking, spectators and flying so that CAPRICORN may present <br />performances of the GREAT AMERICAN AIR SHOW at AIRPORT on Saturday <br />and Sunday, January 17 & 18, 1976 at 2 p.m. <br />CITY also agrees to secure any necessary approval from city and/or <br />county officials and to provide the nearest FAA GADO office with <br />letters from appropriate officials indicating that CAPRICORN has <br />full authority to utilize AIRPORT for the shows. <br />CAPRICORN will provide a complete two-hour air show; its own sound <br />system; $1,000,000 in liability insurance;_and all promotional <br />material. <br />CAPRICORN will also set up, promote and conduct the air shows, <br />securing all necessary crowd control, law enforcement, emergency <br />•and sanitary facilities and personnel. FAA approval for the shows <br />will be secured by CAPRICORN. <br />CITY will be named as co-insured on liability insurance policy. <br />CAPRICORN shall also have the exclusive right to provide food, beverage <br />and souvenir sales at air shows. Should AIRPORT currently have food, <br />beverage and/or souvenir services available on the premises <br />AIRPORT may keep such facilities open during air shows but may not <br />supplement or move facilities in such a way as to interfere with <br />CAPRICORN'S facilities. <br />CAPRICORN shall be solely and fully responsible for all financial <br />obligations incurred while setting up, promoting and conducting the <br />air shows and AIRPORT shall have no obligation whatsoever except to <br />provide facilities as stated in paragraph 2. <br />In return for its services, CAPRICORN will pay CITY a fee equal to <br />5% (FIVE PER CENT) of all revenues from both advance sale and gate <br />sale of tickets for the shows, less any applicable state, county, <br />city or federal sales taxes. This fee shall be payable no later than <br />ten days after the conclusion of the air shows. <br />0 <br />