1999-047-LAKE CROOK SPECIAL EVENT

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by City personnel, on the 4th of July weekend of each year. Specific dates shall be established by mutual agreement between the Special Events Committee and LANE. 3. LANE shall be required to submit annually an Application for a Special Event Permit in accordance with the requirements of Chapter 24, Article 11, of the Codes of Ordinances of the City of Paris, Paris, Texas. 4. In the event LANE fails to qualifY such event as a Special Event, LANE shall not be permitted to exercise his right to use Park. 5. Lessee shall verifY that all vendors of food, beverage, and other goods for sale during the contract period herein set forth have obtained and hold current all licenses and permits required by law. 6. LANE agrees to pay to CITY a fee of$l,SOO.OO for each special event held under this Agreement or six percent (6%) of the gross receipts of the gate not to exceed $7,000.00, whichever is greater. The maximum revenue for the CITY of $7,000.00 in 2000 shall be adjusted upward by the regional "Consumer Price Index" for each year for the remaining term of the contract period. Lessees agrees to pay the aforementioned minimum fee of$I,500.00 prior to the start date of the event and any balance due within thirty (30) days following the last day of the event. 7. This Agreement shall not apply to any event other than drag boat races or to any time other than the 4th of July weekend. 8. That LANE will abide by and comply with all rules, regulations, ordinances, and laws pertaining to the use of Lake Crook or a valid waiver thereof, and in addition thereto will abide by and comply with all ordinances of the City of Paris and all laws of the State of Texas governing citizens and property within the City of Paris. I , ,