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A. SDBA agrees to set up, operate and conduct a "Drag Boat Race" of a quality <br />meeting or exceeding the standard of the industry, including providing, in a <br />timely manner, all of the following services at its own expense: <br />1. Set up and tear down the race course. <br />2. Furnish PA system, sound and communications. <br />I Provide and man tow boats. <br />4. Provide announcer. <br />S. Provide and man adequate rescue boats. <br />6. Provide SDBA officials who will control qualifying procedures, the lineup of <br />the boats, the start of the race, the control of boats through the race, the <br />election to stop or delay a race, control "pit" activity, flagging, the position <br />of the boats, the assessment of penalties and the completion of the race. <br />7. Pay for the use of Lake Crook in the amount of $2,500.00 <br />8. Pay the cost of one commercial dumpster. <br />B. SDBA further agrees to obtain the following insurance coverage, at its own <br />expense and to provide copies of said policies to City at least 30 days prior to <br />the event: <br />1. Spectator liability coverage in the amount of $1,000,000 per occurrence, <br />$5,000,000 in the aggregate. <br />2. Drivers medical insurance (secondary only) <br />3. Accidental Death and Dismemberment coverage for the participants of <br />$ 1,000,000 per occurrence, $ 5,000,000 in the aggregate. <br />4. SDBA agrees to name the city as an additional insured under the policy <br />referenced in above. <br />5. SDBA further agrees to furnish City with proof of insurance for all of the <br />above required policies. <br />