2014-05-04-R - Laserfiche WebLink

Home Browse Search

• EXHIBIT A ADVERTISING AND SPONSORSHIP AGREEMENT FOR SCOREBOARD SIGNAGE AT NORTH COMPLEX I This agreement is made by and between First Community Bank (SPONSOR) and the CITY OF BATESVILLE PARKS AND RECREATION DEPARTMEN (CITY), ON THIS 61' Day of May, 2014 (the"Effective Date"). I WHEREAS, the CITY is the owner of certain public park ameniti s known as the "North Complex", and hereafter referred to as the "FACILITIES"; and 1 WHEREAS, SPONSOR and the CITY desire to enter into this agi cement for the purpose of evidencing the agreement of the parties with regard to advertising on a fields at the North Complex by SPONSOR and the respective obligations of the parties regarding said advertisements at the Facilities: NOW, THEREFORE in consideration of the promises and the re procated covenants • and obligations contained herein,the parties agree as follows: I. Term a. The term of this Agreement is for a period of 6 YEARS commencing on the Effective Date and ending at midnight on the sixth anniversary thereof. II. Advertisement at Facilities f a. It is agreed between the parties hereto, in return for the ca enants and conditions set forth herein that the SPONSOR'S name and/or logo sh ll be put on: i. Signs to be erected on scoreboards on seven athleti fields at the North Complex for a period of 6 years at the price of$6,(00.00 per year. b. It is agreed between the CITY and the SPONSOR that the sign size shall be 24"x 120" and the CITY will be responsible for the maintenance and upkeep of the sign. In addition, CITY will pay for the sign including any graphics on the sign. However, it shall be the responsibility of the SPONSOR tc bear any expense should changes be requested to the sign during the term of this agreement. c. It is agreed between the CITY and the SPONSOR that allsignage will be uniform in size and no other sponsorship signage will be placed on scorebaords that exceeds 24"x 120". • 1