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AGREEMENT FOR TRIATHLON EVENTAGREEMENT Between THE CITY OF CLEARWATER, FLORIDA And COMPETITOR GROUP, INC THIS AGREEMENT ("Agreement") is made and entered into this 20th day of January 2012 ("Execution Date"), by and between the City of Clearwater, Florida, a municipal corporation (the "CiTy"), and Competitor Group, Inc., a Delaware Corporation ("Competitor Group") (the City and Competitor Group each individually referred to herein as"Party", or collectively as the "Parties"); WIT'NES SETH: WHEREAS, The City desires to provide events that are of interest and benefit to the residents of the City and the CiTy also wishes to expand national and international tourism to the City as well as otherwise enhance economic opportunities for the benefit of the City and its residents; and WHEREAS, the Competitor Group is in the business of producing and conducting sporting events, specifically, running events and triathlons; and WHEREAS, the City and Competitor Group have agreed that Competitor Group shall produce and conduct a Triathlon Event (as defined herein) on certain streets and public land of the City pursuant to the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the covenants herein contained and other good and valuable consideration, the City and the Competitor Group each agree as follows: ARTICLE I: INTRODUCTORY TERMS 1.1 Recitals. The statements contained in the recitals set forth above ("Recitals") are true and conect, and the Recitals are by this reference made a part of this Agreement. 1.2 Exhibits. The exhibits which are attached to this Agreement are by this reference made a part of this Agreement. 1.3 Abbreviations and Definitions. The following abbreviations and definitions will be used for purposes of this Agreement: A. The abbreviations of the Parties set forth in the Preamble will be used for purposes of this Agreement. B. "City Services" means those services customarily provided by the Fina1 document ooi3��oi City for its residents and its facilities, including without limitation, services for (i) police, fire and EMS services; (ii) garbage and refuse disposal; (iii) maintenance personnel; (iv) crowd control and traffic control, (vi) utilities, and (vii) any additional services as the City deems appropriate in its sole and absolute discretion. C. "City Permit and Use Fees" means the fees and charges imposed by the City in connection with the issuance of permits and the fees and charges imposed by the City in connection with Competitor Group's use of the Triathlon Event Facilities (as defined herein). D. "Concessions" means all concessions associated with a Triathlon Event (as defined herein) offered or provided within the Triathlon Event Facilities, including, without limitation to, (1) non-alcoholic beverages, (2) wearing apparel, (3) programs, (4) souvenirs, (5) seating, and (6) all other merchandise or services offered for sale in connection with a Triathlon Event. The term Concessions specifically excludes the activities of otherwise properly licensed Clearwater merchants and business persons (excluding sidewalk vendors) in conducting their trade or business at their regular business premises during a Triathlon Event and the Concessions offered by either the City or its licensees or parties with which it has contracted to provide Concessions at any City owned property or facility. E. "Laws" means all existing and future federal, state, and local constitutions, statutes, ordinances, rules, regulations and resolutions, and all orders and decrees of lawful authorities having jurisdiction over the matter at issue. G. "Triathlon Course" means the staging and route(s) mutually agreed upon in writing by the Parties. Once the staging and route(s) have been mutually agreed upon in writing by the Parties, the Triathlon Course will be attached to this Agreement as Exhibit A. H. "Triathlon Event" means the Competitor Group's TriRock Series, an athletic racing event consisting of participants swimming, biking and running a race of a designated distance or races of various designated distances to be held in November, commencing in the year 2012. The date of the Triathlon Event to be conducted in the year 2012 sha11 be November 11, 2012. The dates of the Triathlon Event to be conducted in subsequent years, including if the Term is extended, shall be mutually agreed to by the Parties. I. "Triathlon Event Facilities" means those lands, improvements, buildings, public or other rights of way, or property, owned, leased to or controlled by the City or under City authority as mutually agreed upon in writing by the Parties, to be used by Competitor Group for the purpose of staging a Triathlon Event. Once those lands, improvements, buildings, public or other rights of way, or property, owned, leased to or controlled by the City or under CiTy authority have been mutually agreed upon in writing by the Pa.rties, the Triathlon Event Facilities will be atta.ched to this Agreement as Exhibit C. Final document ooi3��oi 2 J. "Triathlon Event Logo(s)" means the logo(s), mark(s), symbol(s), trademark(s), or trade name(s) used by Competitor Group in connection with the Triathlon Event. K. "Triathlon Event Period" means from 8:00 a.m. on the Thursday preceding the Triathlon Event until 5:00 p.m. on the Monday following the Triathlon Event. L. "Ticket Sale Rights" means the right to sell tickets and otherwise charge for admission to or participation in the Triathlon Event, and to sell tickets and otherwise charge for admission to or use of the Triathlon Event Facilities in connection with the Triathlon Event, excluding the right to sell tickets to the general public that are solely for parking. ARTICLE II: WARRANTIES AND REPRESENTATIONS 2.1 Warranties and Representations bv Comvetitor Group. Competitor Group warrants and represents to the City as follows: A. Competitor Group is a for-profit corporation, duly formed, presently existing and in good standing under the laws of the State of Delaware. B. All appropriate action exists or has been accomplished by Competitor Group so as to duly authorize the officers set forth below to execute this Agreement and all documents contemplated hereby on behalf of Competitor Group so as to fully and firmly bind Competitor Group to the terms and provisions of this Agreement and such other documents. C. Competitor Group has the financial capability to and shall conduct a Triathlon Event in accordance with this Agreement. 2.2 Warranties and Representations bv City. The City warrants and represents to Competitor Group as follows: A. The City is a municipality organized and existing under the laws of the State of Florida. B. All appropriate action exists or has been accomplished by the City so as to duly authorize the officials set forth below to execute this Agreement and all documents contemplated hereby on behalf of the City so as to fully and firmly bind the City to the terms and provisions of this Agreement and such other documents. ARTICLE III: GENERAL TERMS Final document ooi3��oi 3 3.1 Ri�ht to Conduct Triathlon Event. The City hereby grants to Competitor Group the right to produce and conduct a Triathlon Event in accordance with the terms and conditions of this Agreement. Competitor Group hereby acknowledges that the City has police powers pursuant to applicable Laws to take reasonable and appropriate action in the event the conduct of a Triathlon Event or any portion thereof is endangering the health, safety or welfare of the general public. The Parties acknowledge that it would not be reasonable for the CiTy to take any action in this regard if the Triathlon Event only produces those effects which are normal and customary for events of this type. The safety of the Triathlon Event participants shall be controlled by and be the sole responsibility of Competitor Group. 3.2 Concession Ri ts. The City hereby grants Competitor Group the right to operate, or to license (in whole or in part) to others, the Concessions associated with the Triathlon Event during the Triathlon Event Period. The City agrees not to hereafter extend any Concession rights to any person or entity other than Competitor Group which would permit the operation or licensing of Concessions, or the vending or offering for sale of any goods or services competitive with the Concessions; provided, however, the City shall have the right, should it desire, to operate a Concession at the Triathlon Event so long as such Concession does not compete with the Concessions contemplated herein of Competitor Group and its supporting sponsors. Further provided the City shall also be permitted to operate an informational booth from which Concessions are not sold. Notwithstanding the foregoing, this grant of rights to Concessions shall not affect the activities of otherwise properly licensed Clearwater merchants and business persons in conducting their trade or business at their regular business premises during the Triathlon Event, or parties with which it has contracted to provide Concessions at any CiTy owned property or facility. 3.3 Ticket Sale Ri�hts and Cit� ts. The City hereby grants to Competitor Group exclusive Ticket Sale Rights for the Triathlon Event. 3.4 Media and Broadcast Ri ts. The City hereby grants to Competitor Group the rights to license any and all media coverage, television broadcasts, or other broadcasts, locally, nationally, internationally, or otherwise, related to the Triathlon Event. Competitor Group sha11 notify the CiTy of the identity of inedia entities that will cover the Triathlon Event. Competitor Group shall endeavor to reflect in such coverage and broadcast the location of the Triathlon Event and the involvement of the City incident to this Agreement, and shall incorporate the City of Clearwater name and logo in all advertising related thereto. The provisions of this a.rticle sha11 survive the termination of this Agreement. The City reserves the right to media or broadcast coverage as conducted, produced and reproduced by its City-owned, internal media/public communications department. 3.5 Triathlon Event Lo�o(s). A. The City acknowledges that Competitor Group is the owner of the Triathlon Event Logo(s), and that the CiTy sha11 not interfere with Competitor Group use Final document oois��oi 4 or licensing of such Triathlon Event Logo(s), provided that Competitor Group complies with the provisions of this Article 3.5. B. The City may use the Triathlon Event Logo(s) for promotion of the City or the Triathlon Event with Competitor Group's prior written consent, which consent shall not be unreasonably withheld or delayed. The City shall not alter or modify the Triathlon Event Logo(s) without Competitor Group's prior written consent. C. Competitor Group may use City owned logo(s) and trademark(s) for promotion of the Triathlon Event with the City's prior written consent which consent shall not be unreasonably withheld or delayed, and in accordance with the City of Clearwater Code of Ordinances. Competitor Group shall not alter or modify the City's logo(s) or trademazk(s) without the City's prior written consent. 3.6 No Interest in Land. Competitor Group rights pursuant to this Agreement shall not be construed as a lease, easement, or other interest in land, buildings or other property of the City. 3.7 Fundin�v the Citv. The City agrees to provide in-kind services in an amount valued not to exceed thirty thousand dollars ($30,000) annually to support the Triathlon Event. These City services will be used to offset a portion of costs and expenses (as estimated in E�iibit B) for City Services and City Permit and Use Fees provided by the City for the Triathlon Event. This Article 3.7 shall not be construed to limit Competitor Group from completing and returning to the City a co-sponsored events application. 3.8 Exclusivitv. The City will not authorize, without Competitor Group's written permission, any triathlon event of sprint or Olympic distance, other than the Triathlon Event organized and conducted by Competitor Group, thirty (30) days before the Triathlon Event and thirty (30) days after the Triathlon Event throughout the Term of this Agreement. Additionally, the City will not enter into any agreements with any sponsors of the TriRock Cleazwater Event during the Term of this Agreement. ARTICLE IV: TERM AND EXTENSION 4.1 Term and Extension. This Agreement shall commence on the Execution Date and expire at midnight on November 13, 2016, unless earlier terminated as provided for herein. This Agreement may be extended under the same terms and conditions for two (2) additional one-year periods from the date of expiration, provided that both Parties mutually agree in writing to such extension which is subject to City Council approval. Failure of the Parties to mutually agree to the terms or provisions of referenced and incorporated E�ibits shall result in a frustration of this Agreement, and such occurrence shall relieve the Parties, each of its mutual obligations, from that point forward, except for obligations expressly intended to survive termination of the Agreement. References in this Agreement to "Term" sha11 include the initial term and a11 extensions thereof. ARTICLE V: SCHEDULING AND CONDUCTING A TRIATHLON EVENT Final document ooi3��oi 5 5.1 Obli�ation to Conduct A Triathlon Event. Competitor Group shall produce and conduct an annual Triathlon Event on a Saturday or Sunday in November, commencing in the year 2012, said date to be mutually agreed to by the Parties. Competitor Group shall provide the City with written notice no later than November 30�' during the Term advising the City whether or not it will stage the Triathlon Event for the succeeding year, and if so, specifying the exact date of the Triathlon Event, and a schedule of such events. 5.2 Triathlon Event. The Triathlon Event shall be conducted on the Triathlon Course on Saturday or Sunday during the Triathlon Event Period and shall be held during daylight hours only. The Triathlon Event shall be conducted in accordance with the terms and conditions of this Agreement. 5.3 Set-Up. Operation and Dismantling Periods. Competitor Group shall have the use of the Triathlon Event Facilities during the Triathlon Event Period for purposes of set-up of the facilities and apparatus associated with the Triathlon Event; provided however that the Triathlon Course will only be blocked off during the time necessary to conduct the Triathlon Event. It is anticipated that all facilities and apparatus associated with the Triathlon Event will be set-up and dismantled during the Triathlon Event Period. In the event Competitor Group requires additional time to dismantle the facilities and appazatus following the Triathlon Event, Competitor Group sha11 be permitted such additional time beyond the Triathlon Event Period so long as Competitor Group has commenced the dismantling during the Triathlon Event Period and continues to proceed in a diligent manner to complete the dismantling. Competitor Group shall provide the City with a schedule indicating the dates and location of set-up and dismantling of the facilities and apparatus associated with the Triathlon Event, along with updates and changes thereto as soon as reasonably possible after the necessity for such updates and changes become known to Competitor Group. 5.4 Cleanup and Restoration. Competitor Group shall be responsible for cleaning up the Triathlon Event Course and Triathlon Event Facilities at the end of the Triathlon Event. Such cleanup shall include, without limitation, removal of litter and debris from city streets and the Triathlon Event Facilities. 5.5. Conditions of Triathlon Event Facilities. Competitor Group shall be responsible to promptly return the Triathlon Events Facilities to the condition they were in immediately prior to the Triathlon Event, reasonable wear and tear excepted. Competitor Group sha11 be responsible to repair any damage to the Triathlon Event Facilities during the Triathlon Event by reason of Competitor Group or its patrons. 5.6 Citp Services. The City shall provide City Services for the Triathlon Event. The estimated costs and expenses for City Services and City Permit and Use Fees shall be determined after the Parties' mutually agree on the Triathlon Course and the Triathlon Event Facilities. Once determined, the estimated costs and expenses for City Services and City Permit and Use Fee shall be attached to this Agreement as Exhibit B. Competitor Group shall pay the estimated costs and expenses for City Services and CiTy Final document ooi3��oi 6 Permit and Use Fees, minus the value of the in-kind services to be provided by the City as described in Article 3.7 of this Agreement (the "Net Estimated Expenses"), to the City thiriy (30) days prior to the Triathlon Event. If the actual costs and expenses for City Services and City Permit and Use Fees, minus the value of the in-kind services to be provided by the CiTy as described in Article 3.7 of this Agreement, exceed the Net Estimated Expenses deposited by Competitor Group, Competitor Group shall pay the City for the excess amount within thirty (30) days following the Triathlon Event. In the event that the costs and expenses for City Services and City Permit and Use Fees, minus the value of the in-kind services to be provided by the City as described in Article 3.7 of this Agreement, are less than the Net Estimated Expenses deposited by Competitor Group, the City will reimburse Competitor Group for the excess amount deposited within thirty (30) days following the Triathlon Event. However, in no event will the City have an obligation to disburse a cash equivalent of the in-kind services to be provided by the City as described in Article 3.7 of this Agreement. 5.7 Compliance with Laws and Related Matters. Competitor Group shall comply with all applicable Laws, including without limitation, the Florida Public Records Law (Chapter 119, Florida Statutes) and the Americans With Disabilities Act. 5.8 Liabilitv for Expenses. Under no circumstances shall the City be liable for any costs or expenses incurred by Competitor Group in any way related to or connected with the Triathlon Event unless specifically provided for in this Agreement. Without limiting the generality of the foregoing, all obligations of Competitor Group pursuant to this Agreement shall be performed by Competitor Group at its sole cost and expense unless this Agreement specifically provides otherwise. In no event will either Party be liable to the other Party for any consequential, incidental, indirect or punitive damages arising out of or in relation to this Agreement. 5.9 Payment of Taxes. Unless otherwise specifically provided for in this Agreement, Competitor Group shall pay before they become delinquent a11 applicable taxes associated with the Triathlon Event, including, without limita.tion, ad valorem taxes that may be assessed due to Competitor Group's use of the Triathlon Event Facilities. 5.10 Authorizations. Competitor Group shall be responsible for seeking and obtaining any and all permits, licenses, certifications, consents, or other authorizations required by any public or private entiTy or concern for the staging of the Triathlon Event and all other matters in connection therewith. 5.11 Unanticipated Events and Needs. The Parties acknowledge that certain events, needs and changes related to the Triathlon Event cannot be anticipated far in advance (e.g., weather conditions). Each party shall give the other reasonable notice under the circumstances of request for performance or modification of performance under this Agreement that could not reasonably have been anticipated pursuant to notice required or contemplated in other article of this Agreement. In the event such notice is given pursuant to this Article 5.11, the Parties sha11 attempt to negotiate such amendments to this Agreement that may be necessary. Fina1 document ooi3��oi � ARTICLE VI: DEFENSE OF CLAIMS, INDEMNIFICATION AND INSURANCE 6.1 Indemnification. A. Competitor Group shall defend, pay on behalf of, indemnify and hold the City, its officers, agents, employees, elected and appointed officials, and volunteers (collectively, "Indemnified Parties") harmless from any and all claims, suits, demands, liabilities, losses, damages, liens and fines, regardless of whether a lawsuit is filed (collectively, "Claims"), arising out of or in any way connected with the Triathlon Event, including but not limited to Claims arising from or in any way connected with set- up or dismantling activities; and from any and all Claims, which are alleged or claimed to be arising from or in connection with (i) the sole or contributory negligence (active or passive) of Competitor Group, its agents, employees, contractors, subcontractors, concessionaires, licensees, patrons, spectators, volunteers, participants, or customers; (ii) the negligence of the Indemnified Parties arising out of Triathlon Event; (iii) the intentional wrongful acts and omissions of Competitor Group, its agents, employees, contractors, subcontractors, concessionaires, licensees, patrons, spectators, volunteers, participants or customers; (iv) the City's obligations pertaining to defective conditions in the Triathlon Event Facilities and any allegations of dangerous condition of public property or premises liability for the property of the Indemnified Parties; (v) the failure of Competitor Group, its agents, employees, contractors, subcontractors, concessionaires, licensees, patrons, spectators, volunteers, participants or customers to comply and conform with all applicable Laws; (vi) the Triathlon Event or any portion thereof obstructing physical access to property; and (vii) the Triathlon Event or any portion thereof causing a nuisance, including Claims in the nature of nuisance. B. T'he CiTy shall promptly notify Competitor Group in writing of any claim against any of the Indemnified Parties of which the foregoing indemnification relates. Competitor Group shall have the right to control the defense of any claim subject to indemnification. Competitor Group also shall have the right to settle any such claim provided that Competitor Group pays the entire amount of such settlement and there is no finding of fault against the Indemnified Parties, or as otherwise agreed to in writing by the City. C. The provisions of this article are independent of, and will not be limited by, any insurance required to be obtained by Competitor Group pursuant to this Agreement or otherwise obtained by Competitor Group, and shall survive the expiration or earlier termination of this Agreement with respect to any claims or liability arising in connection with any event occurring prior to such expiration or termination. 6.2. Insurance Covera�e. A. Competitor Group shall carry the following minimum types and amounts of insurance at its own expense: 1) Commercial general liability insurance in an amount of at least One Million Dollars ($1,000,000) per occurrence, Two Million Final document ooi3��oi Dollars ($2,000,000) aggregate in occurrences form. T'his policy shall include coverage for (i) personal injury or death or properiy damage or destruction; (ii) fire legal liability in the minimum amount of One Hundred Thousand Dollars ($100,000); and (iii) contractual liabiliTy under this Agreement. 2) Automobile liability insurance of $1,000,000 combined single limit covering all owned, hired and non-owned vehicles. 3) Workers' Compensation insurance as required by Florida law and Employers' Liability insurance in an amount of at least $100,000 each accident, $100,000 per employee, and $500,000 for all diseases. 4) If approved to dispense alcohol, Liquor Liability Insurance in the amount of One Million Dollars ($1,000,000). B. All of Competitor Group insurance policies, except Workers' Compensation, sha11 name the Indemnified Parties as additional insureds. C. All policies shall provide that the City will be provided notice at least thirty (30) days prior to any cancellation, reduction or material change in coverage. D. Competitor Group shall provide the City with Certificates of Insurance on a standard ACORD form reflecting a11 required coverage. At the City's request, Competitor Group shall provide copies of current policies with all applicable endorsements. E. All insurance required shall be provided by responsible insurers licensed in the State of Florida and rated at least A- in the then current edition of Best's Insurance Guide or similar rating service approved by the City. F. Competitor Group will obtain insurance policies that waive all subrogation rights of its insurance carriers in favor of the Indemnified Parties. This provision is intended to waive fully, and for the benefit of the Indemnified Parties, any rights or claims which might give rise to a right of subrogation in favor of any insurance carrier or Competitor Group. ARTICLE VII - DEFAULT AND REMEDIES 7.1 Default. The following shall be deemed events of default ("Default") under this Agreement: A. By Citv. Failure by the City to perform or comply with its obligations or responsibilities hereunder, which is not cured within a reasonable time, but Final document oois��oi g in no event to exceed thirty (30) days following receipt by the City of written notice from Competitor Group specifying with particularity the Default so claimed. The thirty (30) day curative period provided herein may be expanded by so much additional time as is reasonably necessary to cure the Default provided that the City commences to cure such Default within such thirly (30) day period and thereafter diligently and continuously proceeds to cure the Default. B. Bv Comnetitor Group. Any one or more of the following shall be deemed a Default by Competitor Group: (1) Failure of Competitor Group to perform or comply with its obligations or responsibilities hereunder, which is not cured within a reasonable time, but in no event to exceed thirty (30) days following receipt by Competitor Group of written notice from the City specifying with particularity the Default so claimed. The thirty (30) day curative period provided herein may be expanded by so much additional time as is reasonably necessary to cure the Default provided that Competitor Group commences to cure such Default within such thirty (30) day period and thereafter diligently and continuously proceeds to cure the Default. (2) A principal of Competitor Group shall be adjudicated guilty of committing a felony and all rights of appeals have expired. (3) Competitor Group makes a voluntary assignment for the benefit of its creditors. (4) Competitor Group files a voluntary petition in bankruptcy or becomes the subject of an involuntary petition in bankruptcy which is not discharged within sixty (60) days after the filing of such involuntary petition in bankruptcy. 7.2 Remedies. A. In the event of a material Default by a party in the performance of its obligations and duties as provided in this Agreement which is not cured within any curative period provided herein, the other party sha11 have the right to immediately file an action with a court of competent jurisdiction requesting an order granting any and all appropriate remedies, legal and equitable, including, without limitation, injunctive relief, specific performance, termination of this Agreement, damages and/or an order requiring or precluding the conduct of the Triathlon Event or any portion thereof. The Parties hereto shall comply with the terms and conditions of any such order until the order is subsequently modified or revoked by such court or overruled pursuant to an appeal thereof filed by any party hereto; provided, however, that until a court order is obtained establishing the rights and obligations of the Parties pursuant to this Agreement and the Default of a party in the performance of its obligations and duties hereunder, no party sha11 be excused from performance of its respective obligations pursuant to this Agreement except as otherwise specifically provided in this Agreement to the contrary. Fina1 document ooi3��oi 10 B. T'he provisions of this Section 7.2 are subject to the rights of termination set forth in Section 7.3 below. C. In no event shall either party be liable for any loss of use, loss of time, inconvenience, lost profits or other special, incidental or consequential damages in any way related to or arising from this Agreement or the Triathlon Event. 7.3 Termination. Notwithstanding anything contained in Section 7.2 above to the contrary, the applicable parties shall have the right to terminate this Agreement by written notice to the other parties as follows: A. By Citv. The City may terminate this Agreement by written notice to Competitor Group by reason of any Default specified in Section 7.1 B. B. Bv Competitor Group. Competitor Group may terminate this Agreement by written notice to the City by reason of any Default specified in Section 7.1 A or pursuant to Section 8.12. C. Bv Court. A court of competent jurisdiction may terminate this Agreement pursuant to Section 7.2 above following any Default specified in Section 7.1 A. or Section 7.1 B. (1) above which is not cured within the applicable curative period provided therein. ARTICLE VIII - MISCELLANEOUS 8.1 Notices. A. Any and all notices to be given to Competitor Group under this Agreement or required by law to be given to Competitor Group may be given or served by certified or registered letter deposited in the U.S. Mail with postage prepaid, overnight courier, or facsimile, addressed to: B. required by law to letter deposited in addressed to: Competitor Group, Inc. 9477 Waples St., Suite 150 San Diego, CA 92121 858-450-6510 Attn: Josh Furlow, SVP Operations Any and all notices to be given to the City under this Agreement or be given to the City may be given or served by certified or registered the U.S. Mail with postage prepaid, overnight courier, or facsimile, City of Clearwater 112 S. Osceola Avenue Clearwater, Florida 33756 (727) 562-4040 Final document oois��oi 11 Attn: Kevin Dunbar With a copy to: CiTy of Clearwater 112 S. Osceola Avenue Clearwater, Florida 33756 Attn: City Attorney C. All notices shall be deemed given or served upon receipt. Any party may change its address for the giving of notice pursuant to notice given in accordance with the provisions of this Article 8.1, which notice shall be effective upon receipt by the other party. 8.2 Assi�nment. Competitor Group shall not assign this Agreement, or any part thereof, without first obtaining the written consent of City, which consent may be withheld by City at its sole discretion. Any assignment of this Agreement contrary to this Article 8.2, whether voluntary or involuntary, shall be void and shall confer no rights upon an assignee. 8.3 No Waiver. No provision of this Agreement will be deemed waived by either party unless expressly waived in writing signed by the waiving party. No waiver shall be implied by delay or any other act or omission of either party. No waiver by either party of any provision of this Agreement shall be deemed a waiver of such provision with respect to any subsequent matter relating to such provision, and the City's consent respecting any action by Competitor Group shall not constitute a waiver of the requirement for obtaining the City's consent respecting any subsequent action. 8.4 Severabilitv. In the event that any portion of this Agreement shall be held to be invalid for any reason, such invalidity shall not affect the remaining portions of this Agreement and the same shall remain in full force and effect. 8.5 Applicable Law and Venue. This Agreement shall be deemed to have been executed, delivered and performed in the State of Florida and it shall be governed by and interpreted in accordance with the laws of the State of Florida. Venue for any action brought in state courts shall be in Pinellas County. Venue for any action brought in federal court shall be in the Middle District of Florida, Tampa Division, unless a division shall be created in Pinellas County, in which case the action shall be brought in that division. 8.6 Parties in Interest. All agreements made and entered into in connection with the transactions contemplated herein shall be binding upon and shall inure to the benefit of the Parties hereto, their successors and assigns. 8.7 Captions. Captions aze for convenience only and shall not control or affect the meaning or construction of any of the provisions of this Agreement. 8.9 Relationship of Parties. This Agreement does not in any way constitute Final document ooi3��oi 12 Comperitor Group as the agent, employee or legal representative of the City for any purpose whatsoever. Competitor Group is in all respects an independent contractor and nothing contained in this Agreement shall create or be construed as creating a partnership or joint venture between the City and Competitor Group. The City shall in no way be responsible for any debts incurred by Competitor Group. 8.9 Nondiscrimination. Competitor Group shall not illegally discriminate against anyone in the use of the Triathlon Event Facilities or the conduct of the Triathlon Event. 8.10 Force Majeure. Each party sha11 be excused from performance of its obligations hereunder when such performance has been delayed, hindered or prevented by any cause or causes beyond such party's reasonable control, which shall include, without limitation, labor disputes, riots, civil commotion or insurrection, waz, war-like operations, or terrorist acts, invasion, rebellion, military or usurped power, sabotage, governmental restrictions, regulations or controls, inability to obtain any materials or services, fire or other casualties, natural disasters or acts of God. In the event any Triathlon Event Facility or portion thereof is destroyed or substantially damaged at any time during the Term by fire, casualty or other cause, the City shall not be required to repair or rebuild such Triathlon Event FaciliTy or portion thereof. If the Triathlon Course set forth in Eachibit A and/or Triathlon Event Facilities set forth in E�ibit C are unavailable due to circumstances beyond the City's control, the parties shall mutually agree in writing on a revised Exhibit A and/or Exhibit C. 8.11 Consent and Action bv Citv. A. For purposes of this Agreement, any required written permission, consent, acceptance, approval, or agreement ("Approval") by the City means the Approval of the CiTy Manager or his authorized designee, unless otherwise set forth in this Agreement or unless otherwise required to be exercised by City Council pursuant to the City Charter or applicable Laws. B. For purposes of this Agreement, any right of the CiTy to take any action permitted, allowed, or required by this Agreement may be exercised by the City Manager or his authorized designee, unless otherwise set forth in this Agreement or unless otherwise required to be exercised by City Council pursuant to the City Charter or applicable Laws. 8.12 Non-Appropriation. The obligations of the City as to any funding required pursuant to this Agreement shall be limited to an obligation in any given year to budget, appropriate and pay from legally available funds, after monies for essential city services have been budgeted and appropriated, sufficient monies for the funding that is required during that year. Notwithstanding the foregoing, the City shall not be prohibited from pledging any legally available non-ad valorem revenues for any obligations heretofore or hereafter incurred, which pledge shall be prior and superior to any obligation of the City pursuant to this Agreement. The CiTy agrees to promptly notify Competitor Group in writing in the event of non-appropriation of funds required to be Final document ooi3��oi 13 paid or contributed by the City pursuant to this Agreement, and, upon such notice, Competitor Group may terminate this Agreement in its sole discretion; provided, however, that the City shall not be liable to Competitor Group or responsible for any costs or expenses incurred by Competitor Group as a result of or related to the City's non-appropriation of funds or Competitor Group's termination of this Agreement pursuant to this Section 8.12. 8.13 No Third Partv Beneficiaries. Persons or entities not a party to this Agreement may not claim any benefit hereunder or as third party beneficiaries hereto. 8.14 Entire Agreement. This Agreement and the documents to be delivered hereunder constitute the entire agreement between the Parties pertaining to the subject matters covered hereby and there are no oral representations, arrangements or understandings between or among the Parties relating to the subject matters of this Agreement. No change to this Agreement will be valid unless made by a written amendment duly executed by the Parties. 8.15 Survival. All obligations (including indemnity and payment obligations) or rights of any party arising during or attributable to the period prior to expiration or earlier ternunation of this Agreement shall survive such expiration or earlier termination. IN WITNESS WHEREOF the Parties hereto have caused this Agreement to be executed by their duly authorized representatives on the date first above written. Countersigned: CITY OF CLEARWATER, FLORIDA .�ef-�� � By: •c�Q,�� i� . "V�—Lr Frank V. Hibbard William B. Horne, II Mayor City Manager Approved as to form: Laura Lipowski Mahony Assistant City Attorney COMPETITOR GROUP, INC sign: Final doc t oois��oi Attest: ��ofTy�,�� �� ��� , --- -- �--�—t--�_�.�.—�.�.� . i ' �� �` �. � - - �-� �, :: . 1 j tt ' �: (ti�, a� � `��������� � . � �,� � 14 . � � I / / . �� .��u� ' Attachments: Exhibit A E�ibit B E�iibit C Print: �ia.(�, �� I�P,(i✓ r � Sign: � l/ Print: p : `gv.�(n�5.5 �/ . Final document ooi3��oi 15