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AGREEMENT REGARDING BANDSHELL IN COACHMAN PARK , ~-~ "".r J t ~ AGREEMENT "" THIS AGREEMENT is made on the ,; day of August, 1983, between the City of Clearwater (City) and the Downtown Development Board (Board). WHEREAS, the citizens of Clearwater, the City and the Board have each expressed a desire for a bandshell to be constructed at Coachman Park; and WHEREAS, the construction of the bandshell will be a benefit tci the City, to the citizens, and to the Downtown Merchants, in consideration of the cov:enants and premises contained herein, it is hereby agreed: 1. The C Lty promise s to proceed with construction pursuant to the contract for construction based upon the bids, which were received by the City on August 2, 1983. 2. The Board agrees to convey to the City all donations heretofore and hereafter received for construction of the band she 11. 3. The Board agrees to continue actively soliciting donations specifically to fund the entire project. 4. The Board agrees to pay to the City the entire sum which the City will have expended for the construction of the bandshell, including architectul!a.Lfees, construction costs, and all other expenditures made in connection with this project. It is the hope of the parties that the project will be funded entirely by charitable contributions; however, in the event that cha ritable contributions are not sufficient to cover the entire construction cost as set out herein the Board hereby agrees to pay to the City such sums as necessary to make up any shortfalls in charitable donations. The Board further agree s to transmit to the City each and every charitable contribution promptly upon its receipt, and further to pay any and all sums owing under the Agreement on or before September 3D, 1984. ~ 1 - " /. Li,/ I , I, '.' ~.,~" -t '.j' ~ ,~""'~">',, ....,."..:.-. ('/liVVJi;v/:)}I4J '111/1":;; I 'J ' ,f . ",." OO'Ott// J/ i,"'() " ,I.......... >'.~ -~- , I . , . IN WITNESS WHEREOF the parties have hereunto set their hands and seals the day and year fir st above written, ~. ,~e~Sig~ed: 7. _/lI1k?h0o .. yor-Commisslone Approved as to form and ATTEST: By ~A/l/ ~ Secretary CITY OF CLEARWATER, FLORIDA By ATTEST: ~~ L,_l~.. --' City Clerk T BOARD - 2 -