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MOU Meridian Speedway Joint Presentation for July 4, 2017MEMORANDUM OF UNDERSTANDING BETWEEN CITY OF MERIDIAN AND MERIDIAN SPEEDWAY REGARDING JOINT PRESENTATION OF JULY 4, 2017 EVENT This MEMORANDUM OF UNDERSTANDING (hereinafter -MOU-) is made this day of _P�aVd-\ , 2017 ("Effective Date"), by and between the City of Meridian, a municipal corporation organized under the taws of the State of Idaho ("City"), and Hwy 16, LCC, dba Meridian Speedway, a limited liability company organized under the laws of the State of Idaho ("Speedway"). WHEREAS, City and Speedway are mutually interested in enhancing recreational, entertainment, and special event opportunities within the Meridian community, particularly as it relates to the community's celebration of Independence Day-, WHEREAS,'Storey Park, a public park held by the City of Meridian located on the northeast comer of Main Street and Franklin Road in Meridian, Idaho, and the Meridian Speedway, a private facility located at 33.5 S. Main Street in Meridian, Idaho, are -qdj.acenr properties, thereby producing an opportunity for citizens to enjoy diverse recreational opportunities in one general location; WHEREAS, City'and Speedway recognize that through their cooperation, the parties' adjacent facilities and respective efforts can be used together to provide a larger, longer, and more advantageous event than either facility or party can provide separately-. WHEREAS, the parties intend to work in this cooperative spirit to plan, publicize, and execute an event with activities for the public in both Storey Park and the Speedway on July 4, 2017; WHEREAS, the parties seek by this MOO to describe the parties' respective commitments and intentions, both to clarify such commitments and intentions as they relate to the July 4, 2017 event, and I also to prepare a framework for future cooperative events as the parties may jointly.4esire; WHEREAS', City and Speedway find that it is fiscally responsible and in the best interest of the community to sharing the costs and benefits of the July 4, 2017 event as set forth herein; NOW, THEREFORE, in consideration of the mutual understandings herein contained, and in consideration of the recitals above, City and Speedway agree as follows: I. CITY'S COMMITMENTS A. Monetary Contribution. City shall commit six thousand dollars ($6,000.00) for the purpose of purchasing fireworks to be discharged on July 4, 2017 in the fireworks display to be presented by Fireworks and Stage FX of America from inside the Speedway. City will remit this amount directly to FirVworks and Stage FX of America, whose address is P.O. Box 488, Lakeside, California 92040. B. Public Special Event in Storey Park. City shall plan and present a special evept with a schedule of activities to be open to the public in Storey Park on July 4, 2017, from approximately 3:00 p.m. to 10;15 p.m. 10 MOU BETWEEN CITY AND SPEEDWAY -Jui.Y 4, 2017 EVENT PAGE I OF 4 or C. Promotion of Event. City shall promote the July 4, 2017 event in its promotional materials, including the City newsletter, City website, and banners to be placed in Storey Park. In such materials the City will reference the activities available at,the Speedway as part of such event. D. Post-Event,Review. City agrees to meet with Speedway between July 6, 2017 and November 1, 2017 in order to review the event, discuss any problems that may have arisen, and identify possible changes for an improved joint Independence Day event on July 4, 2017. II. SPEEDWAY'S COMMITMENTS A. Presentation of Public Fireworks Display. Speedway will present a public fireworks display 7 on July 4, 2017 shortly after dark. This commitment shall include the following: . L. Speedway shall engage Fireworks and Stage FX of America to present the public fireworks display on July 4,.2017. 2. Speedway shall contribute at least six thousand dollars ($6,000.00) to the presentation of the public fireworks display. Speedway shall remit this amount directly to Fireworks and Stage FX of America. 3. The public fireworks display shall be staged and executed inside the Speedway facility, but shall include aerial fireworks that shall be visible from Storey Park. 4. The public fireworks display shall begin no earlier than 10:15pm and no later than 10:30pm. 5. Speedway shall obtain, or shall ensure that Fireworks and Stage FX of America has obtained, all necessary permits for such display, including, but not necessarily limited to, a City of Meridian Public Fireworks Display Permit. City shall not waive the fee for such permit as such fee is established by state law. a B. Promotion of Event. Speedway shall promote the July 4, 2017 event in its promotional materials, including its racing,schedule, and in such materials will reference the activities available at Storey Park as part of such event. Speedway shall not wilize the City of Meridian logo without the express, writ yen permissipn of the City of Meridian Mayor's Office. C. Post -Event Review. Speedway agrees to meet with City between July 6, 2017 and November 1, 2017 in order to review the event„ discuss any problems that may have arisen, and identify possible changes for an improved joint Independence Day event on July 4. 2017. III. NOTICES Communication between City and Speedway may occur via e-mail, facsimile, or telephone. All other notices required to be given by either of the parties hereto shall be in writing and be deemed communicated when personally served, or mailed via U.S. mail to: City: City of Meridian Speedway: Adam Nelson, General Mgr. Attn: Renee White Meridian Speedway 33 E. Broadway Avenue 335 S. Main Street MeridiAn, Idaho 83542 Meridian, Idaho 53542 MOU BETWEEN CITY ANIS SPEEDWAY - f UI.A 4, 2017 EVENT r PAGE 2 OF 4 0 IV. ACKNOWLEDGMENTS The parties hereto specifically acknowledge that, in consideration for the commitments set forth herein, the following provisions shall apply: . .. I A. Contributions cumulative. It is understo6d by the parties that the monetary contributions of each party shall be separately and respectively made to Fireworks and Stage FX of America, and that the cumulative monetary payment made to Fireworks and Stage FX of America by the I'M parties shall therefore total twelve thousand dollars (512,000.00). B. Speedway Sponsorship. It is understood that Speedway will be allowed to secure a title sponsor for the races on July Xh, 2017 to 6elp offset Speedway's race costs. The b1iling for the event in prornotional material shall read, "[Sponsor Name] Firecracker 1.50 with Fireworks Presented by the City of Meridian." Due to the fact that the title sponsor will be affiliated with the City of Meridian through the joint event, Speedway's title sponsor inay.not 1� a business who sells alcohol or tobacco. C. Conflict Resotution. If either party believes that the other party is not fulfilling its obligations L as established by this Agreement, the complaining party shall give written notice of its complaint to the other party. The party receiving the complaint shall. within five (5) calendar days, correct the .situation and confirm the correction in writing, or reject the complaint, explaining the mitigating circumstances and why a remedy cannot be achieved. D. Assignment. Except as otherwise specifically set forth herein. City shall not assign or sublet all or any portion of City's commitments as set forth herein or any privilege or right hereunder without the prior written consent of Speedway. Except as otherwise specifically set forth herein, Speedway shall not assign or sublet all or any portion of Speedway's commitments as set forth herein or any privilege or right hereunder without the prior written consent of City. This MOU and each and all of the terms and conditions hereof shall apply to the respective organizations, legal representative, successors, and assigns of the parties. E. No agency or employment. Neither Speedway nor its employees, agents, contractors, officials, officers, servants, guests, and/or invitees shall be considered agents or employees of City in any manndr or for any purpose whatsoever, F. Indemnification. Speedway and each and' all of its employed$, agents . . contractors, officials, officers, servants, guests, and/or invitees, shall indemnify and save and hold harmless City from and for any. and all losses, claims, actions, judgments for damages, or injury to persons or property and losses and expenses caused orincurred by Speedway or any Speedway employee, agent, contractor, official, officer, servant, guest, and/or invitee, at or in its use of Storey Park or any lack of maintenance or repair thereon and not caused by or arising out of the tortious conduct of City. City makes no warranty or promise as to the condition, safety, usefulness, or habitability of its premises, G. Compliance with laws. in performing the scope of services required hereunder. City and Speedway shall comply with all applicable laws, ordinances, and codes of Federal, State, and local governments. MOU BETWEEN CITY AND SPEEDWAY -,JULY 4, 2017 EVENT PACE 3 OF 4 H. Term of MOU, This N10U shall become effective as of theEffectiveDate upon execution by both parties, and shall expire immediately upon the conclusion off the July 4, 2017 event unless earlier terminated or extended in the manner as set forth in this MOU. _. I. Terminatiof: Grounds -for termination of this MOU shall include, but shalt not be limited to; an act or omission by either party which breaches any term of the MOU, an act of nature or other unforeseeable_ event which precludes or makes urtpossible the performance either party's respective commitments; or a change in cLrcumstances that renders the performance by either party a detriment to the public health, safety, or welfare.. Either party may terminate this Agreement by providing'five (5) calendar days advance written notice of intention to terminate, Such written notice shall include a description of the circurnstances providing ;rounds for termination, A forty-eight (48) hour cure period shall commence upon mailing of the notice of intention to terminate. lf, upon the expiration of such cure period, cure ofthe breach or circumstances providing grounds for tern ination has not occurred, this MOU shall automatically terminate. J. Construction and Severability. If any part of this MOU is held to be it or unenforceable, such holding4ill not affect the validity or enforceability of any other part of the MOU so long as theremainder is reasonably'capable of completion. K. Entire Agreement, This MOU contains the entire agreement of the parties and supersedes any and all other agreements or understandings, oral or written, whether previous to the, execution hereof or contemporaneous herewith. L. Applicable Law, This MOU and all activities occurring hereunder shall be governed by and construed and enforced in accordance with the laws of the State of Idaho. V. AnnItym, REQUIRED. This MOU shall not become effective until approved by the respective governing bodies of both City and Speedway, IN WITNESS 'WHEREOF, the parties shall cause this Agreement to be executed by their duly authorized officers to he effective as of tileday and year first above written. w i, MERIDIAN SPEEDWAY: �< 4. BY:= Adam Nelson General Manager, Meridian Speedway CITY OF MERIDIAN: Tarnrny d eerd m Mayor Zm S4�,jL �O4.90 MOU BETWEEN CITY AND* SPEEIAVAY—JUI,1 Date_ Atfe. t; w 01, Ja I it City Clerk Rwis 4 of 4