15 - Grand Theater Management Agreement

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8/15/18 acquisition and compliance with all permits. CITY shall waive all permit fees associated with all aspects of reconstruction and restoration of the theater. d) PROJECT shall fully comply with any and all statutes pertaining to asbestos or other hazardous materials or substances as may be required by state or federal regulations. e) PROJECT shall comply fully with all city signage ordinance requirements. f) CITY shall assist where feasible with utilities construction that may be required for reconstruction and restoration of the Grand Theater. g) PROJECT shall have the right, at its option and sole expense (subject only to the express restrictions set forth in this LEASE) to develop, alter, add to, reconstruct, reconfigure, or remodel any and all portions of the Leased Premises and to enhance improvements at the theater for any lawful purposes, as long as such development does not materially interfere with the development or use of the theater for its intended purpose. 3.3.Oeration and maintenance. a) PROJECT shall use best efforts to operate, support, fund, staff, and otherwise maintain an active theater industry within the City of Paris consistent with the highest practicable standards. b) PROJECT shall have sole responsibility for all costs associated with the maintenance, upkeep, operation, and repair of the Grand Theater of the Leased Premises, including all capital expenditures necessary to maintain the facilities in a fully functional, safe, and aesthetically pleasing condition throughout the term of LEASE. c) PROJECT shall use best efforts to open, manage, operate, and maintain theater facility in a manner that shall serve to broaden the appreciation of the theater to persons both inside and outside of Paris, and also to support an appreciation of the arts in general. d) PROJECT shall endeavor to position the theater as a vital part of downtown Paris and its future revitalization and economic development, fully integrated into its surroundings and downtown activities and events. e) PROJECT may, at its discretion, contract with qualified third parties to provide high quality promotion of the theater, its activities, downtown Paris, and local tourism. f) PROJECT may permit the use and/or sale of alcoholic beverages if all state and local permitting requirements are satisfied. g) PROJECT shall make reasonable business efforts to promote public access to and use by as wide a variety of persons as practicable, regardless of income. 4