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HomeMy WebLinkAboutCC 1979-08-28 Discussion ItemRESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED AGREEMENT BETWEEN THE CITY OF MIAMI:; AND MIAMI DOLPHINS, LTD. 'FOR —THE —INSTALLATION OF THE ORANGE BOWL STADIUM NEW SCOREBOARD SYSTEM, IN ACCORDANCE WITH ;THE TERMS AND CONDITIONS AS CONTAINED' THEREIN. BE IT `RESOLVED- BY THE COMMISSION OF THE CITY _OF MIAMI`, FLORIDA: Section 1\� The City Manager` hereby "authorizei execute the attached Agreement between -the'City of Miami and ".Miami Dolphins`, Ltd. for the ins tal-lation of the Orange' Bowl Stadium New Scoreboard System, in accordance with the terms and conditions as contained therein. PASSED AND ADOPTED this dayof ., 1979. .ATTEST : KALPH .' ONGIE, CITY .CLERK PREPARED AND APPROVED BY ROBERT" F. CLA'RK ASSISTANT CITY ATTORNEY, M AYOR ,4a •VED'� ' FORM; AND CORRECTNESS: *NM VP .4i/ft/I Nor 4erg D 04/ .. ORANGE BOWL SCOREBOARD AGREEMENT THIS AGREEMENT, made and entered into this '9 day of' between the City of Miami, a :I.7, municipal corpor.-ation organized and existing under the laws of the State of Florida (the "CITY") and the Miami Dolphins, Ltd., a Florida limited -partnership (DOLPHINS). ..-::•:"-:„,„:„::-.yHEREA,,,..,::„the-•:',:City.='•:::'iS-"':'the"'":"O"ii-ei.i_1:'-:-:.•O":'=.:::-re:7ia.1:iii..-•:ot:,:g BOW I Stadium..--1..."-::::;.i...0:,.:.:.,.. d 0 - 'Florida; . an.. ' ', --- '''"- •-.., '.,...","-"_„-::::,"...-,:t .. "ORANGE,.,.:BOWL")'-.2-.)7!,r..,..a.::..•::"1."35:(2-:1\1:W:.._.,:•..,'3::§:1:e,,,..:.et ....,,,,.,....,:.2 Miami, 7 WHEREAS4d ......,...: the po1..,..,-i7.i..-...i(,:..0.i0,.--...,-..oti:fi owner of 6!, '...:.-::•::.,,.N *t.1O:t:41,,,-.,:„..,:•,....,..,..,,,.,, -:.:-..:' FOOtSaI1-3.'Leagt,ie2.:'fiiarieh3e',.,.v„Thic...h:::..::tt134ze, a'.:':.tIle:--':oil4..,Np';:,P91414'.:.':.'f: P.,--,,-,.1:::•.,-:1:-, -,-.::.,....; :: ,-. :,.•.:„: -: .- .• . ...,••.' - ,, .,' -.,- , : ..:•:..,.-„.:: ,-. • .:..:.:',-,::-..,,-... ,. ..• ::::.: :.- .:. ....,.. ::::.„-..i.'.:--.-.:',-,,-,.:.-:•',....-H..::::: •::::.: -:::-.... -.-- .:::-.-,-.-..,: . '-,..'•:,:.' ..: .--: . 74thi':.:1;161Pi-ins::' ipticifes ii-jtiol:.-'--f0otis,-,a41:::-,11-,orrie.-. games;:.-::.,,o.t.4 . •::-',.:'.'-:.•:'..:-::-:.',.'..'_,:::,:--.:::::, WHEREAS, the 6,':•:_.•-gITY:..;:,:-0.tiel,..--,...the_-,:lipr4PH;;0-...:0ti.e:::,.i.ritiiip:Ti'y,-.*:4661i..ous ....,,,...,.,,,•,...: •,. „ . ....;.i._..... .•.........: , ........._.,.,,....., --....,,,., -,•.:-.-..•,...•..........:....i.•,.„..•:,.• ..., ,.. ,•:-...•.,:. .....-..._. ..•..:•.:,.::...:..: :„.....,-:.-..,.-,,,-.:...;:.,.:_:..;....:„._.,,,...y.:::i.......-...,.....: 0 fr.,....-i-;.-..ei.ioli:o.1..fig::•: and:::.iipg 4..cl..1..-i-.-...:::::t. he,i',present.-"'•-,ORANGE:'•::poWL.-,;..aborebbard,::Y:-... . _ ,............, .., .:,,. ,,....,:,,.... ,,.:„ :::.,..........._......:..... .;.,.: . •• .. - ....•,:,,.•:. • ,.„ • . • _.r.,..::•,..•.i ..-,.,.::.......,....:.„,.:..:„.„,,s,:,..,.,::.•,-........-;....... i. system;.,.:•,,, and ,.::,---,-,H:::,-..!--,..:-....: ---...:.. - ...:-..:-.- ..--'..'.'..- -- . _-• ' . .; , :. : -•.. ... .._ .....- ..r.„ :. : ....... ".. ,:....:..,...•.,...,.....,.:.. .,..---_,:.•...,- • , . „ ......... ....., . • -_: : .- . - .- • .-...—..--_---, - -.,„„---:.•.•...,,-..-.-,•••.--:., -:;•••.• WHEREAS, the -.'eT,Ty--.-.-,bao:--:•!-.b.'o'oh--:,.:'..coi.i444g_:,-.-'_fie...got 1 a.t,.:•±...'0 no'•:..-•.:••:.-'i•••-:.-.:•'_,.,:'.. ..._ ..... ..,,.. ,.. ..„ .................. .....„..„ „ . ,...._.,.. „.. .:... . ,................_.:.........,...:.......-.. , ... ... .... . . - , ---- •-• - ••- - - -•. -. ---. - - ----- - - ,,,.- -, -.,_ .... ..::.......,...-.-..,..„..•;.; ...., .......:,..„...:..„..-..•.....,-., ,• .-:...:.,...:....,...,...;_....y:.:,...,...:..:..::...., ..„..........,....:-.„,......:._,......,.:•,,•,•,.....„...*:..-....,-.,.,..,.. •••,..,.;.:.,-..„.,..„.-:,..y.,,,,.::::.,..,...,-....-.,.-.,-.,,,..,:„."::,.,:..::-,..,,,:„..,,,,..•:::::::., ..•-.,;,,,-,. wj:t4:-.'....po-waiiwp.riier,..::--cor.tp.p.i.a.tI:0-i--,:!•:i-e;44',iy.0--"..,to,'-;-10taT2.44:0.ri--,,;:i:Ai-td•-;•:.::::..--„?.---'....1... -,------,,,,,,,,,,,,.:-,.,..:::-.•-...:-.-.T:::.,,,,s,--..:.,...„.„:„.„:.,....-,:.•,,,s.....,.....„.„,.,::::.-:::::;:::::-:::,-;:.:•,. •."oPerati'o.:.-.01,-.Ya-''SOO17bba*!d-,..','f aO,...Tii'''..itY.,;!........-,-,0±':::the.:':,"'QTi414PF,rii:ppy*,:::"-s17..p9.:.....,„.._:....,...._.:... - .-.•:-:::,•,-,,.-.:•-•:•••,,,,,, .-....,...-::: ,..... ....• ......., . ,. ,.,...,._.,.......:„ .........„..„ _.....:........„........,•, ,....,,,....:-:•,,,...„.,..,....--.:•.:,..,•:..:,,:„..:...„.......•,.-•,",...,,-..•,.,...--..,...,:.-,....•.,,•• atithoiied-::::t,•::4-6.-,,o.i.':1:iY,::-::-.-Repi01-.40P':::.iI\10...--:,,•:.1.E7:5458,..-.',:iO.,s00i;::::•:.an4.:,,;ac10pto by',"1:.:the.:r.'"CitY"':COnimiSSiOn-:.,.:.On:„.-•MaY.8::-,i,..,_:2975:,--.::.and .,:.•„.„.:,.....„,. WHEREAS, Stewart -Warner Corporation has, at the request of the CITY administration, now designed and offered for sale to the CITY a scaled -down scoreboard system, the cost of' which can be amortized over the three year guaranteed life of the CIT'Y'S current ORANGE BOWL use Agreement with the DOLPHINS; and WHEREAS, the CITY arid the DOLPHINS are willing to mutually and equally share the cost of installation of the proposed scoreboard system and also to mutually and equally share the revenue realized from sale of scoreboard acivertisir-ig; NOW, THEREFORE, the parties hereto represent, covenant, • and agree as follows: 1 date,: fir entered 1. TERM a. That the term of this Agreement at shown above as the date.0n which` it into, and it shall remain in full force and effec term -which shall coincide June 8, 1977 between the CITY and the DOLPHINS shal] commence on . the fora which the DOLPHINS play their. NFL football home games in the ORANGE BOWL. The aforesaid Agreement is operative through and including the 1986 regular football season as defined therein. b That if the, option to terminate, as Per the Agreement of June 8, 1977, is exercised by the DOLPHINS, then this Agreement shall terminate immediately coincident with the date of service of notice of cancellation, and the CITY shall subsequently reim- burse the DOLPHINS for its unamortized investment in the new to scoreboard system, according to a schedule' of equal annual payments be made over the four year perlod commencing with the date of service of. notice of cancellation. SYSTEM PURCHASE: a. ,The DOLPHINS shall make the entire,. expenditure.'o funds necessary to.purchase and installthe,.scoreboard but the CITY and the. DOLPHINS will each beresponsible system to pay one- half, of the; cost of designing, manufacturirig, and installing the scoreboard system, as hereinafter' provided, described in a letter of July:12, 1977,.from Mr. John G.-Finlayson, Manager, Information Display Systems, Stewart -Warner to Mr. 'R City of rogram Corporation, and: Marinas, ofDecember 22, R. L. Jennings, Director, Department of Stadiums Miami; and referred to in a subsequent letter 1977, from Mr. W. O..Boss of Stewart -Warner Corporation t Mr. Charles L. Crumption, Assistant City Manager, City of Miami, whichoffered to sell thepreviously.. described scoreboard system, installed and operating (including training of operating personnel). 2 b. That the contract with Stewart -Warner Corporation and installation for design, manufacture, scoreboard system, shall be submitted to both parties review and approval and, after both parties hereto as purchasers That unless terminated in accordance with paragraph lb..above,,the DOLPHINS shall retain title to the scoreboard system and all of its appurtenant and supporting parts until the DOLPHINS have fully amortized their capital investment in such system. Upon complete amortization by the DOLPHINS of such capital investment, title to the scoreboard system and all of its appurtenant and supporting parts shall be conveyed to the CITY.: however,upon the expiration of this Agreement the entire board system and all become the: sole and Provided, score shall DOLPHINS of its appurtenant and supporting parts exclusive property of' the CITY and the shall no longer have any interest therein. The CITY shall the DOLPHINS for the CITY'S proportion of the cost of purchasing and installing the scoreboard system, together with the CITY'S ion of an interest on the, remaining balance of pr.oport Y reimburse any amount borrowed by the DOLPHINS to purchase and install the scoreboard advertis- , through deductions ns from the CITY'S share of gross ing revenue from the scoreboard system as provided in paragraph 5 of this Agreement. The DOLPHINS shall provide the CITY with evidence satisfactory to the CITY of the actual amount of' interest paid, ch such deduction as provided in paragraph 5 of this with ea Agreement. SYSTEM OPERATIONS: a. That for the entire period of this Agreement the scoreboard system shall,be exclusively and unilaterally operated and maintained by CITY personnel retained by the CITY. Th" system shall be operated, and advertising material presented thereon; however, in accordance with precedures and programs mutually developed by: the; parties hereto. personnel to be trained in scoreboard r Corporation TY but that the DOLPHINS shall b. That those system operation and/or maintenance by Stewart Warne shall be primarily CITY personnel, to also a" maximum. of: two •' (2 ). have the`:,r,ight attend appoint this "training. c .: That th.e CITY shall persons have:ithe'.priv-ilege"of to. utilizing the;message .sine portion ;of the scoreboard; system, on a .reasonable basis not to exceed 10% oftotal"available advertising. time.for display. of announcements pertaining to. coming events at. the. or of a. public interest nature.. d. That by : virtue of .the following.;quote' from an of July 26, 1976, between -the CITY and theOrange ORANGE BOWL Agreement hereby advised of .certain.restric- Bowl: Committee, the. DOLPHINS are tions,.presently legally binding on the CITY with regard to a ORANGE BOWL scoreboard system and its operations, is "The City agrees that at such time as the scoreboar completed and ready for, use that it wild be' -under the: full and complete operational control of the said,City.. The City agrees that it will not, prior to the game, during the half-time, or"during the game itself,,visually."exhibit or;broadcast.audibly, sign, slogan, caricature any message, :picture, advertising, etc., in such a way or at.<a.specifictime that, will ;cause a conflict or: distraction with' the pregame show,the:ongoing.football,}game or half-time pageant, and all such visual'. exhibitions .will be in good taste and suitable for viewingby the --gene ral p ublic." "- . SYSTEM. ADVERTISING:` . That the CITY hereby grants the DOLPHINS the exclusive right to sell and;: contract be displayed on the scoreboard system, to shall m for forthe sale of advertising except ,.that " the .CITY.; have the right to approve or reject any advertising client a and/or any dvertising' copy, signs, or displays which approval ---- parties ,---- . -• at . ,.. , .. ,.., t--'..,.-...t,,,..,._---.--,iin--;:.•... •,-,--. '.--.', ;,.., „,---- ttie:',-.....-.,-...:_ liat'i.':-- • ,•,•-,-:-'-'--------,--".',,- unexpired,.-•-,..---;: terr1.7.1„...::::-;-,:-:(-,'...':-:,,,.1:.,,..::::,-,.::• ---- 4red„.....,,,,,.. time aid...., - , une)cp-7,.,,-,:i-':.,.:-,.. i,:::, trie:;-::.--i.-.,... th-...7...:::,::.,-,.:-,,.:, .. _.:-,e period,,:,:,..,; ,. •,,...,.,„:.::::::.. CITY atiri::,...,..,iiiii,„:„..th i..6 , - ±..-::-',.'.....,--- interest',...'.....'it4'.'-'-1 117. .---,:lanY,WI:e•,•,,,, to„.„,,. ,,.:•,..aany.-2....-,-,.:,,. , :, ,. . ,,,...,...,.,:,.., • , .6 6.-.;.''.'t....., y .. ;,. i-tog,-'..-,,,....:::...:,,,,,,i•-: ionge7r:4.,,7 Y, ..,..,,-,::..,oven".41...„..:...,,,.i,,,,...--,. •,„•-,-_d-veru -1- -.„....,,..,....i.-.6he, ..-. 1...i.,ererrPm.... -.,-....;-....herePY,, u:,....!..:„....,.i.,.2,-:...,---.-.....-:..ipa d-. .•,,,,,r.,,,,.,•:.",,,i,•,-,.f.,-;:...i,„sirlg',---..,...-T,' .„.,•.„•,.,,-.-:.•,:-__. 6:•-ti-'-ilt7''"1,---.':',"--.-„-----:." '-'-f..,her:-''-1-.----!'::...;...':::---' -.-+,i,,Ti-''.,--ha..1;!:-..:'--'•.,...:...,..'i•-•---'-''''''''"'.:: i,,ey,..7.7....,.---:„..,:::-.:.,,...........-..-..-,a- .,..7171...,.......,:-....:.,..•..,,,:iii,::_.fio„..,_,..-...,.,H.,,:.•:,.••.:•;•:,,,,.:•_•,.„....ii,i..iiio.i..:••,p....-,....,:.8iii,.4....!.,.:.-.:.,,---, e •• • • ••.,...:..........„,..m_rl...,_-- _ •,,,,....,,,..ZL4,..%1'.1'•:.... ....,„„,' •.,-...4,...,"ya, ''' c ,,.nue.,..--..:_!-!..:- . •,-C 17 .. .:.-:.:,:tier+i.#:--. : .. ,_...-dver..47,,,, • -- , ,.,:,..,. ,...:.:-:-...-.....ed,.„..::u.ip .,....4," .hthet..iis::::Ik7,ii:::-.•iiiiop.!...:.:.:::!4.,,Y,-:.._.,..,..: .:-he:::.,,p97-- . • (::),....,"-::,,,,"- : ....riE.:,Byri... • ,...:.::::-.,•.H.,-,..--:. -,:., .:.-_,-ic n, 6ii .'..-...,•,-'•••-', --:,-;..ii...i....-....:_idlia1,....- -,.. , • . • • • ,, _•.:.„:•.:::,..,:',..-,.,::.....' . „ . .:,,)i*-r11:7-.--.:-..:'-'*--'''''' i.i...m.,.:.-:,.,.-.. •-:•-..- ' . .0R4.L ... - ..., ,.....:...:,„.6: ti,iih 1"in , ,.... ,,. ' . ''. . ' „ '.:, • . • ' .. - ', ' ' • ' , .. '',' , . ,': ,, . ..',,•: , , .•'' " . , •...,. - ,•••• - .. -,. , - ,. , ' '. ...,..., , .. , -.. - . .. . . , .,. , , irlg,-.,•On the scoreboard message --.line-uni.t:•shall.---_-never• be shown ..•-: ..-..:. - . kind is orperformance''.-.;;,-'Yof - anY.-: Is...taking- place.•--• '',.'AdVeibt is- ,.-. . ..._,....,•-•,, -,,,,,,,,-., ..-„,,,,..,,,,..,, - -- :. .,,,-, , :, ,, , "_„, • .,,.•..,,••..„. ..,,,.:„..,„ -,,-„,-. .,,.: ,,,, : . ....„, .,...., ...,•_:„.,.,,,,,...,., , ,..,,... , ,.....,,,. • ,,-,,,,,,,. ., „„ - . ,, ...,..,--,• ,,-, _, ..„,,.,.. • ....„. , .•,-„,-,,..„, .;,..,•.,,-,,,,,,-...2.--,,,, ing'.--On:•the-,ScOt'ebOard:'MOSSage,:line•-.2,-Unit;:-.MaY.he thOWn;--...-;_ih-,.reaSOnable ... ...... . .. . . • ... ... ...... ,....., • ... _ amount Oom ...,..,:.-,,,,..„..- --.. 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', ,--:niencitig.:-,One • hour and:,: fifte.eri,,,minUted„::before ithe.--..,i,-,:::-.,-•:..:'•:„,'.'7,--,- .•..-,...,,,,_;••,,.. ,-.,', • •• „ ,..... ,..-.,.• . ,•_.-,--,,.... , ,,,- .,.... - .. ,,,,,,:„ ••,, ..• r., ...,,,,,, , _.• ,,.,, ,,,...,...:-.--..,..-,,,.....„,..,.;.--,-,,,,:-.,....,.. scheduled '..tiMe. of commencement :, and-_'.exterding-fUntil''-::one:-•',,,hOUri;;Jand ' ,-...-•*:,,,...',.•,,:-..---,-,'•;:, ,,,,-.':::•:--,,.,'„_•- ,„ ,.. ,•,--,,,,-,--,-,,•,,,,,, :,,L.,,,,..••„: --,,,,,•:•,-.-„•;:,:„-,__,..,,--••,-....-.„-ft,-• i.,,,,,-....:',`,•-..,--..i..-1--:,..,,,.--,-..........,:,..-iii,,,,,;1.....•,,,_:--,'„,i-•_,::-.•.;-„;:.'.,, ir.,,:„..,-; fifteen ••,minutes-- .after:,the..-„;-00463:tibiOn'i.Of the,:.'-'event;',.',---bUt.,-;,,•..MaY.-:-,,-.:OnlY,':.,, . - - • - : -:- ...-.,. • . ....., .- . ,-..„, • - , .,. ......,_. .. : - ........,....... ... ..........,-_--„-.-„, , - . . _ .. , ._, . . ...,.,.. .......,,, .--... ...., ,... • -. - „ . •-• .-. ..,•-,...- ,, _. .-.., . .:_;,- -,...,-,---.:,-,,,....- ,-.....,.........: be!.shOWh-'_,44rih-..-L4ntprthiSSIOhe,.:':time.'.00Ut4:'1Petween.-15er3:OdeYcif.'4.-..„....-.:.!:-. .-_,..,„::-...-..-..,.. - ... ..,-,-.. -....-... , ,. ....- ...,--,., - ....:.„,•-•"-,-_,•-•,-, :,,,,..-:-..-,,,--...,.,:-...- . ,,, ..., .., . _. ...•.. „.• .....,.:,-. ,. ,, - . .. . .. -.,. .,„.,...: . .- • „ ... -.• . ------ - , :„...„,....„.,-..;:...,..,„. ,_.. . sports event, - or before or after,thef,event or any of its activities • . . . , •._ • „ - , • , • , . , - . '-• •,:.• The DOLPHINS hereby agree to provide the CITY with contradt ',forms." and advertising commence. b . copies of the structure sheets DOLPHINS to to be used,.,fionrr staolet of advertriigsi_nog on theosorneP°rleebtoea'redxe2cuf°tri°CnIirbYY se Also up°n approv- to the atiori ishAegsreee cITY • al of th heir ntracts' to the c in theiesvienng oontr halriem assa YdDstlbayllINS sIno a tion, a actsighe hal be Provided dvertcontracts s advehrdt the contracts or • be DOLPHINS the t2 certainadvertisingtermination, ising Agree- ment, advert ofte will not be unreasonably withheld. Said approval or rejection shall be based on reasonable advertising standards as to content and amount. In this regard, it is agreed by the DOLPHINS that the CITY has a special obligation to Users of the Orange Bowl Stadium other than the DOLPHINS to ensure that the advertising displayed at events of these other Users is not objectionable to them in terms of either content or amount, or both. Therefore, adverti_s- 5 purchase advertising on the scoreboard system; excepting that the concessionaire may, in: the:immediate area of its :'vending. booths and `on its:employees uniforms,:identify=and' advertise. the products being sold. reta3.n e That the DOLPHINS shall be authorized to advertising sales commission of fifteen percent of advertising revenue for handling the sale and contracting for scoreboard advertising. 5 . SYSTEM REVENUE: That, after' deduct percent••(15%) advertisin of all operation, maintenance, "o with the scoreboard system, the'. sale, of fifteen • in ..the remainder of (15%). an gross' ion by the <DOLPHINS:`of:theirs g .sales 'commission; and -deduction rother direct costs associated CITY:and• the. DOLPHINS shall share equally:: DOLPHINS until completely paid, the CITY'S proportion of all gross advertising revenues. shall deduct from the CITY'S share of advertising revenue the cost of The purchasing and installing the` scoreboard system, together with. the CITY'S proportion of any interest on "funds borrowed' by the DOLPHINS to finance, purchase, and'? install the scoreboard system. CITY shall provide the DOLPHINS with a complet invoice, of any scoreboard operations,<:maintenance.: after: they costs as soon as possible DOLPHINS, shall deduct. proportion system and remit the remaining 50% of each such invoice to'the CITY within ten days of receipt of that invoice,together with an accounting' of the remainingbalance on the CITY'S proportion of scoreboard system. The parties agree that EXHIBIT A represents their general i.ntentions as regards distribution of costs and revenues realized from the installation and operation of the Orange Bowl the cost of purchasing and installing the of 50% e are : incurre an e: itemized r other and<the of > each: such invoice from t direct e .CITY' S the cost of purchasingand installing the scoreboard scoreboard system. PIN i. or RECORDS AND ACCOUNTS: That the DOLPHINS shall keep available in is office, such other place approved by the CITY, true, accurate, and completerecords and accounts of all advertising ''-'sales transactions in connection' with the Orange Bowi scoreboard system, and shall give access to those records and accounts to authorized representa- CITY, during reasonable business hours, audit such records and accounts. 7 COLLECTION COSTS AND. FEES: tives of the and to 'examine That the DOLPHINS agree to pay the cost of collection and; reasonable attorneys:fees on any part of amounts due to'.the CITY by`"the DOLPHINS under this Agreement which "must be`collected bY Suit or by attorney after'the same are past due and=the DOLPHINS have been notified in writing and have had the .opportunity to If it is shown and proven by;'the ;DOLPHINS.;` result correct any default.; that the failure to pay the CITY of failure amounts due amounts due to it ' are as a, of a third party to meet its legal obligatiofl to pay the CITY and the DOLPHINS shall equally then all cost.of 'collection from the said third party. share 8. STADIUM CONDITION AND LIABILITY THEREFOR:: The CITY agrees to maintain the ORANGE BOWL and the scoreboard during the term of this Agreement, in physical condi- tion suitable for the playing of professional and collegiate., shallbe incurred; how - football games. No liability ever, by either of the parties hereto, should the ORANGE BOWL become unfit for events to be played or staged therein during God or public the of any kind term of this Agreement because of an act enemy`. 9. INSURANCE: Appropriate insurance to protect the parties,' mutual investment in the scoreboard may be acquired by either party, with the written agreement of the other of the said insurance s Both' parties shall be to named the extent of their` party, and the cost hall be shared equally by the as insured in any p"olicies.written, • interest in the scoreboard•, and copies of the insurance policies shall be provided to each party. and conditions of this Agreement are the Agreement is made and accepted, and in the event of.any ilure part, of -either party to comply with the terms this Agreement, after 30 daysnotice of default to the defaulting party, t have the option to terminate this not cured. 11'. DISCRIMINATION: such ;he nondef'aulting party shall Agreement; if the default -is In connection with any work to.be performed under this,Agreement, the parties hereto agree not todiscriminate=` color, or' against any person because of race, religion, sex national origin. 12'. BINDING ON SUCCESSORS: This Agreement shall bind the DOLPHINS and their heirs administrators, legal representatives or successors, as thecase might be, of the DOLPHINS; its successor governmental body. 13. NOTICES: It is understood and agreed between.` the: parties' hereto that written notice by registered mail, or delivered Miami Dolphins, Ltd. 330 BisbaYnei Boulevard. Miami,:Florida constitute sufficient notice or l0`. DEFAULT That'the faithful performance of each'of the upon this fa p and conditions of terms conditions -upon '"which ` shall assigns, notice -by registered mail or executors and CITY ,the DOLPHINS', and-wr tten delivered to:` City Manager City Miami City Hall Dinner . Key , . Miami, Florida shall constitute. sufficient notice to the CITY; .to comply, With the terms of this Agreement, - except as either party may notify the other party, of a change of address by registered mail. 14. ASSIGNABILITY: It is.mutually agreed that this Agreement shall not be assigned in whole or in part by either party without ,the express written approval of the other party, whose approval shall .be'unreasonably withheld. 15. INDEMNIFICATION: The DOLPHINS agree to defend;, i CITY against any and all claims, suits, costs of actions arising during the not harmless the damages,, or' DOLPHINS hold title,. ndemnify,'and hold actions for period of time the for any personal injury,, loss of life, damage to property, sustained by reason of or as a result of operation of the scoreboard except where agents of. the CITY are negligent set their hands the maintenanceand operation thereof. WITNESS WHEREOF, the parties hereto have hereunto and affixed their seals,. the day and year first, above written. ATTEST: or the IN City Clerk WITNESSES: As Miami Dolphins Ltd. APPROVED AS TO FORM AND CORRECTNESS: ems. George F. Knox, Jr. City Attorney `. THE CITY OF MIAMI,` a municipal corporation of the State of Florida ity. Manager" MIAMI.DOLPHINS, LTD., a Florida limited partnership Joseph Robbie Managing General Partner I. EXHIBIT A* SAMPLE FINANCIAL ANALYSIS OF INSTALLATION 0r A: SCALED DOWN SYSTEM COST: A. Cost to City B. Cost to Dolphins Total cost ORANGE BOWL SCOREBOARD -SYSTEM of system .` $17.9,935 $179,935 II. ANNUAL : SYSTEM REVENUE ' PROJECTION: Anticipated gross annual revenue from A. advertising, ▪ Less -:15% fee to `Dolphins for:advertising salescommission• estimated interest` on investment;: ,made -'by.' -'Dolphins, on behalf of City.. . Anticipated.,annual net revenue from E. F. G. H. Less - advertising `Less- estimated operating cost,' Net revenue fore distribution Net :annual revenue to City Net annual revenue to Dolphins *It is"understood and agreed °that all costs'an are estimates only as of December, 1977. revenues $359,'879 160:,000 000 18:,000 118,0.00. 6., 000' $112,000: $ 56,000 ,000 shown herein