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HomeMy WebLinkAbout12/17/2014 - STAFF REPORTS - 2.O. G�PALM$,6 a u a ,s � 'k"ewn� cA`'F°a"�P CITY COUNCIL STAFF REPORT DATE: December 17, 2014 CONSENT AGENDA SUBJECT: AIRPORT ADVERTISING CONCESSION CONTRACT SERVICES AGREEMENT AWARD TO COREY AIRPORT SERVICES FROM: David H. Ready, City Manager BY: AIRPORT SUMMARY This action considers the award of the Palm Springs International Airport Advertising Concessions Contract. RECOMMENDATION: 1. Approve Contract No. 5855 with Corey Airport Services for a term of five years for the Airport Advertising Concessions program. 2. Authorize the City Manager to execute all necessary documents as required. STAFF ANALYSIS: In 2009, it was recognized that the airport's advertising concession program was outdated, and a new program was necessary. That new program was designed to include the removal of existing advertising equipment and replacing it with more architecturally compatible equipment utilizing technology that would provide maximum return on investment for all advertisers and generate increased revenues for the airport. A national solicitation was conducted in 2009, and after a thorough selection and negotiation process, Corey Airport Services became the new PSP Airport advertising concessionaire for the ensuing five years and their current contract term expires this month. The program has been a successful in generating revenues for the airport and providing local businesses exposure capitalizing on the airport's record passenger traffic. With the current contract expiring, the Procurement and Contracting Department worked with Airport staff to prepare a Request for Proposals (RFP) #01-15 for a new five-year contract services agreement. The RFP was posted to the city's website, advertised locally in The Desert Sun and nationally with the American Association of Airport ITEM NO. Q_ City Council Staff Report December 17, 2014 -- Page 2 AIRPORT ADVERTSING CONCESSION AWARD TO COREY AIRPORT SERVICES Executives (AAAE) industry-wide newsletter, and then electronically transmitted to twelve prospective firms. Six firms registered for the RFP process and the City received proposals from the following three experienced airport advertising specialty firms: Clear Channel Airports, Corey Airport Services, and Departure Media. A selection committee consisting of two Airport Commissioners, the Executive Director of the Convention Center and Bureau of Tourism, and two Airport Executive Management staff members evaluated the proposals and unanimously selected Corey Airport Services for recommendation of a contract award based on the firm's excellent qualifications and experience, strong program management and marketing plan, and attractive financial offer for the Airport. The terms of the contract with Corey Airport Services include the following: • A five-year term • At minimum a part-time Corey manager based in the Coachella Valley • A $280,000 program investment by Corey for improvements • Corey will pay the Airport a minimum annual revenue guarantee of $300,000 in the first year and $350,000 every year thereafter, or fifty (50) percent of gross revenues, whichever is greater. The Airport will receive fifty-five (55) percent of revenues over $800,000. The new advertising program is fashioned to maintain the overall footprint of the existing program in order not to impede passenger flow as the airport's record growth continues. The most important change in this program will be a reduction in the height of the baggage claim box advertising dioramas. This will improve the line of sight for customers retrieving luggage, and create a more subtle advertising message. Additionally, the large static units located on the back wall in the baggage claim area will be replaced with a digital wall consisting of LED monitors programmable for multiple messaging in a more professional and effective manner. This represents a major capital investment which will be the responsibility of the concessionaire and remain the property of the airport at the end of the five-year agreement, as will other program modifications. As a result of newer digital technology enhancements, it is anticipated that revenues will again improve due to the caliber of equipment and the number of additional messaging opportunities. Airports throughout the country are embracing this same digital approach to advertising concessions. The new agreement also includes provisions allowing the Palm Springs Bureau of Tourism dedicated locations to advertise the Palm Springs Brand and events hosted by the City. These locations include both digital and static units that will provide messaging throughout the entire terminal complex and both concourses. 02 City Council Staff Report December 17, 2014-- Page 3 AIRPORT ADVERTSING CONCESSION AWARD TO COREY AIRPORT SERVICES FISCAL IMPACT: With increased annual revenue guarantees to the Airport and a more technologically expansive program, the overall revenue of the program is projected to increase. Program revenues from the past five years: Year Gross Revenue 2010 $392,297 2011 $484,231 2012 $603,307 2013 $655,771 2014 (projected) $695,130 TOTAL $2,830,736 It is anticipated that revenues under the new proposed contract would increase approximately 20-30%. Comparing this firm's overall revenue projections with other two proposal submissions, the revenue was about the same, however, the other vendors were reliant on either a sizeable increase of the "advertising footprint" or aggressive rate increases for advertisers. Under the recommended contract, the footprint presents a smaller streamlined presence that preserves the architectural balance of buildings. .< L Thomas Nolan, Executive Director, Airport David H. Ready, C' ger Attachments: Concession Agreement 03 uaea�oad aan�n} aye }o lied se uiewai 11!m sAeldsip sioopno ayl C r d30 Er--, .�grpy. @No + + it r�• bl- .� O 4-J a N j T AUS h a 3 � a It -a I � I Q -a to o it �3 41 U fu -"1 T11� J z f a ease uaiep 2eq ui pajaanuo:) sAeldsip ali}oad MOO MaN rA ss InI9 J Y "- �, i HOT El 1 . New low profile displays in bag claim area w1ep aSesseq Ul Aeldsip lej!SIP Ilene peg .'. "`' I AIRPORT DISPLAY ADVERTISING CONCESSION AGREEMENT PALM SPRINGS INTERNATIONAL AIRPORT This Concession Lease Agreement ("Agreement') is made and entered into effective this 17th day of December 2014 (the "Effective Date") by and between the City of Palm Springs, a California charter city and municipal corporation ("City"), and U.S. Enterprises Inc. d/b/a Corey Airport Services, a Georgia corporation ("Concessionaire"). RECITALS A. The City owns and operates Palm Springs International Airport ("Airport") located in Palm Springs; California for the convenience of the general public. B. The City has determined that it is desirable to have a high quality,professionally designed and managed advertising concession that will maximize advertising revenues, facilitate passenger flow and be architecturally compatible with the Airport. C. In response to a Request for Proposals, the Concessionaire has submitted a proposal to develop and manage the display advertising Concession at the Airport. D. The City approved the selection of the Concessionaire to operate and manage the display advertising concession on the Airport. NOW, THEREFORE, in consideration of the mutual covenants, terms, conditions, privileges, obligations and agreements herein contained, and other valuable considerations, the City and the Concessionaire hereby mutually undertake, promise and agree, as follows: Article 1 Definitions and Interpretation 1.01 Definitions Except as otherwise clearly indicated by the context, the following words, terms and phrases wherever used in this Agreement shall, for the purpose of this Agreement, have the following meanings: 1. "Advertisements" means advertising copy, advertising materials, and any manner of commercial presentation. 2. "Agreement Year" means the twelve month period from April 1 st to March 31st of each year of the Term. 3. "Airport"means the Pahn Springs International Airport. 1 Revised: 6/16/10 10 110669A 4. "Assigned Area(s)" means the areas at the Airport shown on Exhibit "A" to this Agreement that the Concessionaire is authorized to use for the operation of the Concession as provided in this Agreement. 5. "City" means the City of Palm Springs, a California charter city and the owner and operator of the Palm Springs International Airport and governed by the City Council of the City of Palm Springs. 6. "City Manager"means the City Manager of the City or the designee or designees of the City Manager. 7. "Effective Date" means December 17, 2014. 8. "Concession" means the right, privilege, and obligation to develop, maintain and operate the Program pursuant to Section 3.01 of this Agreement and subject to all requirements and limitations provided in this Agreement. 9. "Concessionaire" means U.S. Enterprises, Inc. d/b/a/ Corey Airport Services, a Georgia corporation and includes its contractors, employees,partners, invitees, agents, or anyone operating on behalf of the Concessionaire. 10. "Advertiser" means any person or entity that contracts with the Concessionaire for the provision of advertising services of any kind at the Airport. 11. "Fixed Improvement" means any alteration, addition, annexation or improvement to the Assigned Areas or a portion thereof which cannot be removed or changed without material damage to, or destruction of, either itself or the Assigned Areas or a portion thereof, 12. "Gross Revenues" means all monies or other consideration paid to or payable, cash or credit, to Concessionaire for sales made and for services rendered at or from the Airport, regardless of when or where the order therefore is received, or delivered, whether on a cash basis or credit. Each sale upon installment or credit shall be treated as a sale for the full price in the month during which such sale shall be made, irrespective of the time when any payment is received. There shall be allowed, when properly recorded and accounted for as a reduction from Gross Revenue the following: a. Actual advertising sales commissions paid and documented by Concessionaire to a recognized third party sales/advertising agency other than Concessionaire or any company affiliated with Concessionaire, such commissions not to exceed 15%. b. Amounts owed which Concessionaire deems un-collectible after diligent collection efforts. In no event shall more that 2.5% of Concessionaire's Gross Revenue be deducted from total revenues as "bad debts." When Concessionaire after diligent collection efforts is unable to collect amounts due from an advertiser upon which Concessionaire had previously based Percentage Fee payments, such bad debts shall be deemed uncollectible and an appropriate adjustment shall be made in 2 7'nnnv.1 Concessionaire's subsequent statements and Percentage Fee submissions. The uncollectible bad debts will be accrued and deducted from the Concessionaire's Percentage Fee at such time as Concessionaire commences paying such Percentage Fee. If Concessionaire collects bad debts after adjustments are made to Gross Revenues, then an appropriate adjustment shall be made to subsequent revenue statement and Percentage Fee submission. This adjustment shall exclude external collection costs. C. Sales or excise taxes that are imposed by law and paid to a government entity. This provision shall not allow Concessionaire to exclude from Gross Revenues the concession fees or Minimum Annual Guarantee specified in Article 4 herein. d. The actual amount of a credit or refund given to an advertising customer resulting from the delay in the commencement of the advertising display provided such delay was not caused by Concessionaire. C. The phone/data communication service charges are excluded from the Definition of gross revenue. 13. "Hazardous Materials" means any substance, chemical, or waste which at any time shall be defined as hazardous, toxic, or dangerous under applicable federal, state or local laws or regulations that govern (1) the existence, cleanup, or remedy of contamination on property; (2) the protection of the environment from spilled, deposited, or otherwise emplaced contamination; (3) control of hazardous wastes; or (4) the use, generation, transport, treatment, removal, or recovery of hazardous substances, including building materials. 14. "Minimum Annual Guarantee" means the minimum concession fee payable by Concessionaire to City of Three Hundred Thousand Dollars ($300,000.00) for the first Agreement Year and Three Hundred and Fifty Thousand Dollars ($350,000.00) for each successive Agreement Year during the Term in the manner provided in Section 5.01 of this Agreement. 15. "Minimum Capital Investment" means at least Two Hundred and Eighty Thousand Dollars ($280,000.00) for the cost paid to contractors and/or subcontractors for improvements, furnishings, fixtures, and equipment (exclusive of leased equipment) required under the Program. The term "Minimum Capital Investment" includes architectural and engineering costs which are not to exceed ten percent (10%) of the minimum construction expenditures, and does not include any finance or interest expense, supervisory or overhead costs, or any other markups of any kind of Concessionaire or any fees payable to the City under Article 4 or Article 5 of this Agreement. 16. "Operating Equipment" means personal equipment and trade fixtures that are famished, installed, or used by the Concessionaire in its operations on the Airport. It does not include Fixed Improvements, nor does it include displays or decorations that are of a seasonal or temporary promotional nature. 17. "Percentage Fee"means an amount equal to 50% of gross revenues for the first$800,000.00 of Gross Revenue in an Agreement Year and 55% of all revenues in excess of$800,000.00 in Gross Revenues in an Agreement Year, 3 Revised: 6/16/10 12 ,20669.1 18. "Program" means the comprehensive advertising program, integrated and coordinated with respect to design, quality, and content for the Airport, as described in Exhibit "A" to this Agreement. 19. "Rules and Regulations" means the provisions of Title 16 of the Palm Springs Municipal Code, as may be amended form time to time, and any rules and regulations of the City Manager promulgated thereunder. 20. "Perm"means the term of this Agreement as provided in Article 2 of this Agreement. 21. "Term Commencement Date"means April 1,2015. Article 2 Term of Agreement This Agreement shall become effective upon execution by all parties. The Tenn of this Agreement shall be a period of five(5)years, commencing on the Term Commencement Date and terminating on Mardi 31,2020 unless sooner terminated in accordance with this Agreement Any occupancy or use of the Assigned Areas by Concessionaire prior to the commencement of the Term shall be subject to all terms and conditions of this Agreement Article 3 Use of Assigned Areas and Operation of Concession 3.01 Grant of Privilege 1. The City hereby grants to Concessionaire the rights to operate, maintain, and provide the Concession and Concessionaire shall install and maintain the Program. Under this Program, Concessionaire shall have the right to establish, operate, service, and maintain quality, expertly designed commercial advertising displays, including without limitation: flat screen cases, free- standing displays, wall mounted displays, dioramas, interactive kiosks, brochure racks, digital advertising media, wall wraps, video, directories and other similar advertising for the purpose of promoting or displaying the products or services of various industries, manufacturers, companies, agencies, and persons fully consistent with the requirements of this Agreement. The specific locations for displays are the Assigned Areas. No advertising shall be permitted at the Airport out of the Assigned Areas. Any additional areas made available for advertising at the Airport by the City shall be added to Exhibit "A" and shall be approved as an amendment to this Agreement. Concessionaire shall have the exclusive advertising use of all Assigned Areas. 2. Concessionaire shall be responsible for the Program within the Assigned Areas at the Airport and shall apply the financial, marketing, and administrative resources of its organization to the implementation of the Program. Through its national, local and regional organization, Concessionaire shall: a. Develop, on a continuing basis, an integrated business plan for advertising at the Airport. 4 13 720669.1 b. Follow quality criteria that recognize the need for integrity of design and advertising content appropriate to the prestige and dignity of the Airport. C. Practice space utilization planning which will recognize and meet the needs of all advertising classifications and insure maximum revenue return to the City consistent with the scope and integrity of the advertising master plan. d. Provide a sales organization, including a locally based concession manager with ability and experience of sufficient scope to solicit and sell local, regional, and national advertising for display at the Airport, with a primary emphasis on local advertising. The local manager must be available a minimum of 80 hours per month. e. Provide advertising and display equipment and fixtures that are consistent with the architectural design of the Airport. 3. Except as provided elsewhere in this Agreement, Concessionaire shall be solely responsible for all expenses associated with planning, implementing, refurbishing, maintaining, and operating the Program provided for in this Agreement, whether or not advertising displays and equipment were installed by Concessionaire. This includes, without limitation, the cost of utility connections for all equipment within the assigned areas. 4. The City reserves the right to add or modify advertising locations and formats, at any time, which may benefit the Airport, provided the City Manager consults with Concessionaire before affecting such additions or modifications. These changes may include without limitation video screens on the baggage claim carousels, a terminal directory, outdoor advertising, wall wraps, and other formats/technologies that may become available in the future. All costs associated with the development of advertising materials or modification of equipment shall be the sole responsibility of the Concessionaire. 5. Upon execution of this Agreement, the Concessionaire shall have rights of ingress and egress to and from the Assigned Areas, including but not limited to common use roadways, subject to the Rules and Regulations. Such rights of ingress and egress shall apply to the Concessionaires employees, customers, agents, contractors, suppliers, and other authorized individuals. 6. If a concession change occurs, Concessionaire shall use its best efforts to reasonably cooperate with the City and the City's future advertising concessionaire to ensure a seamless transition of responsibility from the current Concessionaire and minimize any disruption in the provision of advertising services at the Airport. 3.02 Exclusions from Agreement The following advertising rights are not included under this Agreement: 5 Revised: 6/16/10 14 P_IXrG9.I a. Internet Services (subject to negotiation). This includes but is not limited to self-service monitors, internet kiosks, Wi-Fi, or other paid or advertising supported internet services at the Airports. b. Retail display advertising on tenant premises except as approved by the City Manager. C. Advertising on bus terminals or benches. d. Airport related, or Airport directed information and promotions. 3.03 Use of Airport Facilities 1. The Concessionaire shall use the Assigned Areas only to operate the Concession. Concessionaire shall not maintain any other use within the Assigned Areas unless previously authorized by the City Manager in writing, which authorization may be withheld in the City Manager's sole discretion. Concessionaire shall use its best efforts in every proper manner to maintain, develop, and increase the sales of advertising developed under the Program. 2. If requested by Concessionaire, Concessionaire shall be provided a work area by appointment, this space will not be permanent. The office will be occupied by a manager or a representative of Concessionaire during normal business hours of the Airport unless otherwise approved by the City Manager. One parking space at no cost to Concessionaire in the City's employee parking lot available at all times, and access to no cost visitor parking for advertisers or other persons doing Airport business with the Concessionaire at the Airport. 3. Concessionaire shall a the City Three Hundred Dollars 300.00 per month for pay Y ($ ) utilities, including electrical services. 3.04 Adjustment and Relocation of Assigned Area The City reserves the right to relocate any Assigned Areas in which Concessionaire is granted the privilege to conduct its Concession. The decision of the City on any advertising locations shall be final. Such relocation demands shall be provided to Concessionaire in writing from the City Manager at least sixty (60) days prior to such needed action unless such relocation results from an emergency, in which case notice which is reasonable under the circumstances shall be given. The Minimum Annual Guarantee and/or Percentage Fee shall be adjusted in accordance with the impact on exposure of the public to Concessionaire's additional or modified locations and formats as reasonably determined by the City Manager. Any additional areas made available for advertising at the Airport by the City shall be added to the Assigned Areas. The reasonable cost of such relocation shall be borne by the City. A revised Exhibit "A" shall be substituted to show any additions or deletions to the Assigned Areas. 3.05 Use of Terminal Building 6 15 720669J Concessionaire shall have the right of use, in common with others authorized to do so, of the common areas in the Terminal Building; provided, however, that such use shall be subject to and consistent with the Rules and Regulations. 3.06 Parking Concessionaire shall have the right to utilize vehicular parking facilities for Concessionaire's employees in a manner and of a type similar to or equal to that provided for employees of other Airport tenants or concessionaires. Article 4 Advertisine Rates and Standards 4.01 The Concessionaire shall submit to the City Manager, on an annual basis, a schedule of monthly rates to be applied to the advertising locations. Advertising locations may be subject to quantity purchase and other incentive discounts and to standard/sales advertising agency deductions or commissions as expressly provided in this Agreement. 4.02 Concessionaire shall obtain the City Manager's approval before any advertising display shall be placed in any location allocated for such purpose. The number, type, size, and content of all Advertisements within the Airport is subject to the approval of the City Manager and shall not contain nudity, profanity, pornography, or any content which the City Manager reasonably determines, in his or her sole discretion, is harmful to the public peace, safety, health, and/or welfare. 4.03 Concessionaire further agrees that it will not display or advertise locations, businesses, facilities, activities, or events in other desert communities or other warm-weather, winter resort areas in California, Arizona, Nevada (including without limitation Las Vegas), New Mexico, Florida, or Mexico unless Concessionaire receives prior approval from the City Manager. This prohibition shall not include businesses, facilities, activities, and events in the Coachella Valley. 4.04 Concessionaire shall not display any Advertisements reasonably disapproved by the City Manager or which conflict with the provisions of this Article 4 and Concessionaire shall immediately remove from the Airport upon written demand of the City Manager, at Concessionaire's sole cost and expense, any such Advertisements. In the event that any such Advertisement is not removed promptly upon receipt of written demand, the City may remove and store said Advertisement. The City shall not in any way be held responsible or liable for any damage to any Advertisement so removed. No Advertisements reasonably considered offensive by the City may be presented to the public. The Concessionaire will promptly remove or modify the presentation of any Advertisement if so directed by the City Manager, at the City Manager's sole discretion. Where any backlit or other graphic display case of Concessionaire does not contain an Advertisement, such display case shall contain filler graphics. 7 Revised: 6/16/10 16 720669,1 4.05 In accepting the limitations on advertising provided in this Article 4, Concessionaire waives any and all rights it may have regarding the regulation of content of its advertising displays at the Palm Springs International Airport and will hold the City harmless for any damage or loss of income it may suffer as a result thereof. 4.06 Concessionaire shall submit a bi-annual performance metric evaluation to the City Manager or his designee for his input and rating of the local operation, implementation of standards and customer interaction. s 17 7'_0669,1 Article 5 Fees 5.01 Term Minimum Annual Guarantee and Percentage Fee During the Term of this Agreement, Concessionaire agrees to pay to the City for the privileges provided under this Agreement, a monthly fee equal to the Minimum Annual Guarantee or the Percentage Fee, whichever is greater, for each calendar month for each Agreement Year. All such payments shall be due on the twentieth (20`h) calendar day of the month immediately following the month in which Gross Revenue was generated. In any Agreement Year during the Term, in the event the total number of passengers passing through the Airport (the "Total Passengers") declines by twenty percent (20%) or more from the Total Passengers for the calendar year 2013, the Minimum Annual Guarantee shall be reduced by the same percentage as the reduction of Total Passengers for the Agreement Year in question and shall remain at that amount until the Total Passengers for any Agreement Year are not less than eighty percent (80%) of the Total Passengers for 2013. The City shall provide Concessionaire with the Total Passenger figures for each Agreement Year within ninety (90) days following the end of such Agreement Year. The Minimum Annual Guarantee shall be increased or decreased, as the case may be, retroactive to the first day of the Agreement Year after the Total Passenger figures have been delivered to Concessionaire, provided the increase does not exceed the amounts set forth in Article l.01 (14). 5.02 Procedure for Payment of Fees 1. Both the City and the Concessionaire acknowledge and agree that the Concessionaire's monthly payments of the Percentage Fee and Minimum Annual Guarantee during the Term shall be computed and reconciled on an annual basis on or before the twentieth (20`h) calendar day of the next calendar month following the last calendar month of the Agreement Year. 2. No later than ninety (90) days after the end of Concessionaire's fiscal year, Concessionaire shall furnish to the City the written statement of a Certified Public Accountant stating that the Privilege Fee paid by the Concessionaire to the City pursuant to this Agreement during each of Concessionaire's fiscal years is accurate. Such statement shall also state Gross Revenues as shown on the books and records of Concessionaire that were used to compute the Percentage Fee made to the Director of Aviation during the period covered by the statement. 3. If,at the end of any Agreement Year,the total amount of monthly installments of the Percentage Fee paid by Concessionaire for such Agreement Year is less than the total amount of the Percentage Fee required to be paid by Concessionaire for such Agreement Year, Concessionaire shall pay the amount of such deficiency on or before the time Concessionaire provides its Annual Statement as provided in this Agreement. In the event that any additional Percentage Fee shall be determined to be rightly due and owing by any audit of Concessionaire's books and records, such amount shall forthwith be paid by the Concessionaire to the City with interest thereon at the rate of twelve percent (12%) per annum from the date such additional Percentage Fee became due; provided, however, that the foregoing not be applied to amounts contested in good faith by Concessionaire. 4. If, at the end of any Agreement Year, the total amount of monthly installments of the 9 Revised: 6/16/10 18 720669 i Percentage Fee paid by Concessionaire based on Gross Revenues for such Agreement Year exceeds the total amount of Percentage Fee required to be paid by Concessionaire for such Agreement Year as indicated in Concessionaire's Annual Statement, Concessionaire shall receive a credit equivalent to such excess which shall be credited by City to the next monthly payment due from Concessionaire to City under this Agreement, or City may at its option pay Concessionaire in one lump sum within sixty (60) days thereafter. If at the end of the final Agreement Year the total amount of Percentage Fee paid by Concessionaire exceeds the total amount of Percentage Fee required to be paid by Concessionaire for such Agreement Year, such excess shall be refunded to Concessionaire within sixty (60) days after Concessionaire has vacated the Assigned Areas at the conclusion of this Agreement and the Assigned Areas are in the condition required by this Agreement, and any other sums due City from Concessionaire under this Agreement have been paid in full or deducted therefrom. 5. Unless specifically stated otherwise in this Agreement, all Fees or other charges required to be paid by Concessionaire pursuant to this Agreement shall be due and payable as indicated herein, and shall incur a late charge if not received within ten (10) calendar days after Concessionaire's receipt of written notice of such default. In the event Concessionaire fails to pay any monthly installment of Fees within ten (10) calendar days after Concessionaire's receipt of written notice of such default,then Concessionaire shall pay a late charge of five percent (5%)of the amount in default as liquidated damages for failure to make prompt payment. The parties agree that such late charge represents a fair and reasonable estimate of the costs and expenses City will incur by reason of late payment by Concessionaire. Acceptance of such late charge by City shall in no event constitute a waiver of Concessionaire's default with respect to such overdue amount, nor prevent City from exercising any of the other rights and remedies granted in this Agreement. In the event Concessionaire pays the late charge set forth hereunder but fails to pay contemporaneously therewith all unpaid amounts of Fees, City's acceptance of this late charge payment shall not constitute a waiver of Concessionaire's default with respect to Concessionaire's nonpayment nor prevent City from exercising all other rights and remedies available to City under this Agreement,at law or in equity. 5.03 Good Faith Administration Concessionaire shall not use any system, method, practice, or technique that results in, or is designed to circumvent or shift the Concessionaire's Percentage Fee obligation under this Agreement. The final determination on this issue shall be at the discretion of the City Manager. Examples include, without limitation: (a) Concessionaire must equally distribute Gross Revenues among displays of differing percentage rents when selling packages; (b) any cost based exclusions from Gross Revenue are for the actual costs of providing a service or product, costs that are actually passed along to a third party, and costs that are not typical business overhead in nature; Concessionaire shall not trade,borrow, barter, or engage in any marketing practice or device that diminishes gross revenues from the Program except as expressly authorized under this Agreement or as otherwise approved by the City Manager. 5.04 Adequate Consideration It is expressly understood and agreed that City does not consider the Minimum Annual Guarantee in itself a fair and adequate rate for the Assigned Areas and would not have entered into this Agreement unless Concessionaire had obligated itself to pay Percentage Fee, which City expects to supplement the Minimum Annual Guarantee to provide a fair and adequate return. Therefore, if Concessionaire fails to continuously operate its business in accordance with the terms of this Agreement or vacates the Assigned Areas prior to the expiration of the Term hereof, City will suffer 10 19 ?^_0669.1 damages and City shall have the right to treat any of such events as a material default and breach of this Agreement and to recover such damages. 5.05 Concessionaire's Tax Obligation Concessionaire shall be responsible for all taxes lawfully assessed against Concessionaire's operations at the including, but not limited to any personal property taxes levied or assessed on Concessionaire's personal property. 5.06 Concessionaire's Payment Obligations 1. In the event that Concessionaire disputes any Fees or other charge due hereunder, Concessionaire shall notify City of such dispute prior to the due date for such payment. In the event that the City does not agree with the disputed amount or if a period of more than 30 days is required to investigate such dispute, the Concessionaire shall place such amounts in a separate escrow account for the mutual benefit of Concessionaire and the City until such dispute can be resolved and no late charges or interest shall be assessed on such amounts if the dispute is resolved in Concessionaire's favor. 2. Payment by Concessionaire or receipt by the City of a lesser amount than the Fees or other charges herein stipulated shall be deemed to be on account of the earliest Fees or other charges due from Concessionaire to the City. No endorsements or statement on any check or any letter accompanying any check or payment as Fees or other charges shall be deemed an accord and satisfaction, and the City shall accept such check or payment without prejudice to the City's right to recover the balance of any and all Fees or other charges due from Concessionaire to the City or to pursue any other remedy provided in this Agreement or by law. 3. City may, at its option and its sole discretion, apply any payments received from Concessionaire to any Fees, or other charges which are then due and payable. If City shall not make any specific application of a payment received from Concessionaire, then any payment received from Concessionaire shall be applied first to the other charge, then to the Fee which has been overdue for the longest period of time. No designation of any payment by Concessionaire for application to a specific portion of Concessionaire's financial obligations hereunder shall be binding upon City. Any sums received by City after termination of this Agreement shall not constitute a Fee but shall be received only as reimbursement for use and occupancy of the Assigned Areas. 4. At any time that Concessionaire has either failed to pay Fees or other charges within five (5) days after the same shall be due or shall have delivered checks to City for payments pursuant to this Agreement which shall have on at least three (3) occasions during the Term of this Agreement (whether consecutive or not or whether involving the same check or different checks) been returned by CiWs bank for any reason, City shall not be obligated to accept any payment from Concessionaire unless such payment is made by cashier's check or in bank certified funds. 5.07 Performance Bond To secure the faithful performance of its obligations under this Agreement, Concessionaire shall provide security in the form of a performance bond or a letter of credit or such other form as the City Attorney may approve in the amount of Three Hundred Thousand Dollars ($300,000.00) through January 31, 2016. Such security shall be issued by a surety or financial institution authorized to do business in the State of 11 Revised: 6/16/10 20 7'0669A California and shall be approved by the City Attorney. Article 6 Construction of Assigned Areas 6.01 Condition of Assigned Areas Concessionaire's taking possession of the Assigned Areas shall constitute Concessionaire's formal acceptance of the same and acknowledgment that the Assigned Areas are in satisfactory condition, subject to all field conditions existing at the time of delivery of possession. 6.02 bprovements by Concessionaire Concessionaire shall, without cost to City, provide the Assigned Areas with all improvements necessary for the customary operation of the Concession in a first class manner, as set forth in Exhibit A to this Agreement, and as listed here: 1. All structural improvements, equipment, and interior design and decor constructed or installed by Concessionaire, its agents, or contractors, including the plans and specifications, shall conform to all applicable statutes, ordinances, building codes, and rules and regulations. Final construction design and/or "shop drawings" of all fixtures, displays, and improvements shall be submitted to the City Manager for review and approval prior to installation. 2. No structural installations or improvements shall be made to or upon the Assigned Areas without the prior written approval of the City Manager, which approval may be withheld for any reason. 3. Concessionaire will not make any alterations, additions, or improvements to the Assigned Areas or any structures thereon, without first obtaining the City Manager's written consent. Concessionaire will obtain City Manager review and written approval before proceeding with any improvements. Concessionaire shall also be responsible for any damage to persons or property that may occur as a result of making any improvements. Any alterations, additions, or improvements to the Assigned Areas will be made by Concessionaire at Concessionaire's sole cost and expense according to plans and specifications approved by the City Manager. 4. All improvements made by Concessionaire to Assigned Areas shall be of high quality. Furthermore, they shall be safe, fire resistant, attractive in appearance, and shall require written approval of the City Manager prior to installation. 5. Concessionaire shall submit to the City a schedule depicting the estimated time required to complete the construction or installation of approved improvements, facilities, furniture, and equipment for the Concession. All work shall be frilly completed within 165 days of City approval. 12 2 ! r_o6Fe.i 6. Within One Hundred and Twenty(120) days of completion of construction, Concessionaire shall provide to City Manager. (1) one reproducible final copy of plans for all improvements or subsequent changes therein or alterations thereof to the Assigned Areas, signed by Concessionaire; (2) a signed statement from the construction contractor(s), architect(s) and engineer(s) specifying the total construction cost;(3)a signed statement that the improvements have been constructed in accordance with the approved plans and specifications, and in strict compliance with all applicable building codes, laws, rules, ordinances and regulations; and (4) a signed statement demonstrating that no liens exist on any or all of the construction. If the total construction cost is less than the Minimum Capital Investment, the difference shall be paid to City within one hundred and twenty (120) days after the completion of all construction as described in Exhibit A to this Agreement. 7. All Fixed Improvements made to the Assigned Areas and additions and alterations thereto made to the Assigned Areas by Concessionaire shall be and remain the property of Concessionaire until the expiration of the term of this Agreement,or upon termination of this Agreement (whether by expiration of the term, cancellation, forfeiture,or otherwise, whichever first occurs); at which time the said improvements shall become the property of City free and unencumbered, provided however, that any trade fixtures, signs, and other personal property of Concessionaire not permanently affixed to Assigned Areas shall remain the property of Concessionaire, unless Concessionaire shall fail within ten (10) days following the termination of this Agreement, to remove such facilities in which event, at the option of City Manager, title to same shall vest in City at no cost to City or the City Manager may elect to exercise City rights set forth in this Agreement. With respect to any wall or other wraps and any artwork, graphics, posters, or other collateral advertising material owned by advertisers, advertisers shall have the right to elect to retain ownership of such materials and remove them at their expense. 8. City Manager shall retain the ultimate control over the quality and acceptability of the finishes in the Assigned Areas, and all improvements and finishes shall require the written approval of the City Manager prior to installation. The architectural/engineering firm utilized by Concessionaire shall be approved by the City Manager. 9. Concessionaire agrees to expend the full "Minimum Capital Investment" in the modification, furnishing, and equipping of the Assigned Areas for the capital improvements related to the Program not later than 120 days after final completion. The improvements shall become the property of the Airport at the end of the contract term. 10. Concessionaire shall not remove or demolish, in whole or in part, any improvements upon the Assigned Areas(excluding advertising copy)without the prior written consent of the City Manager, which may be conditioned upon the obligation of Concessionaire to replace the same by an improvement specified in such consent. The City Manager shall not withhold consent unreasonably, shall not impose unreasonable conditions,and shall state the reasons for withholding consent. Article 7 Concession Operations 7.01 Operational Standards 1. The management, maintenance and operation of the Assigned Areas shall be under the supervision and direction of an active, qualified, competent manager who shall be subject to the direction and control of Concessionaire. The Concessionaire agrees that its employees and contractors shall be of sufficient number so as to properly conduct the Concessionaire's 13 Revised: 6/16/10 22 r_o669 i operation. A representative of Concessionaire shall be available by telephone twenty-four hours a day, seven days a week, and three hundred sixty five days a year in case of emergency. 2. The operations of Concessionaire, its employees, agents, suppliers and contractors shall be conducted in an orderly and proper manner, including all maintenance and cleaning of advertising displays. All advertising shall be in compliance with all applicable federal, state and local laws and regulations, including, but not limited to, laws and regulations intended to protect the interest of consumers and the general public. 3. Concessionaire agrees that at least ten percent (10%) of the advertising capacity of the Program shall be reserved for and dedicated to advertising City marketing and tourism information and services, including without limitation the Palm Springs Convention Center and the Palm Springs Bureau of Tourism, approved by the City Manager, and at no cost to the City other than costs of production which will be paid by the City. a. Exhibit A designates locations which are reserved for the City of Palm Springs self-promotion. These locations shall be utilized for City branding messages which highlight City-owned assets, City events, and/or the Palm Springs lifestyle. Messages will be group welcome related, Airport related, or Airport directed information and promotions. City of Palm Springs advertising must not promote private businesses, corporations, events or organizations which would otherwise pay for advertising in the airport. Convention Center advertising is allowed for City supported organizations and events. b. Advertising locations designated for the City of Palm Springs may be sold by Corey Airport Services to paying advertisers or switched to other locations if deemed in the City's best interest by the City Manager. C. Corey Airport Services are not responsible for printing production or installation of any City of Palm Springs static advertising displays. d. Corey Airport Services are responsible for posting and removing all digital advertising for the City of Palm Springs. e. Corey Airport Services are responsible for the installation and maintenance of the display cases to be used by the City of Palm Springs. 4. Concessionaire shall use its best efforts and sound business practices to keep all advertising displays fully occupied with revenue producing advertising. Under no circumstances shall Concessionaire allow an advertising display to remain vacant or dark for more than forty- eight (48) hours. Concessionaire will produce and maintain a supply of "fillers" at Concessionaire's sole cost and expense. All "filler" advertising shall be subject to prior approval of the City Manager and shall be kept fresh and current. Subject to the City Manager's prior written approval and the Advertising Guidelines, Concessionaire may install and maintain appropriate and attractive advertising in vacant advertising displays providing City sponsored 14 23 7'_0669A activities or events, City marketing and tourism information or services, local community events or services, public service announcements, information regarding local non-profit organizations, or other similar public information. Under no circumstances shall such advertisement include controversial social, moral, political or ethical content or messages. Concessionaire shall also offer vacant advertising displays to the City for advertising and promoting the Airport or Airport programs. Advertisements installed pursuant to this section are intended to be short-term and temporary in nature until such time revenue generating advertising can be secured for the location. 5. Notwithstanding any provision of this Agreement to the contrary, Concessionaire understands and agrees that, in the event of a conflict between Concessionaire and any other lessee or concessionaire in the Airport as to specific items to be sold or services to be provided, the City Manager shall make the final determination as to which product or service may be sold or provided by each concessionaire or lessee. 6. Any Hazardous Materials used or brought onto the Assigned Areas by the Concessionaire shall be handled, stored, transported, and disposed of in strict accordance with all applicable federal, state, and local statutes, ordinances, and regulations. Concessionaire shall promptly respond to and clean up any released or threatened release of any Hazardous Material into the drainage systems, soils, groundwater, waters or atmosphere, in a safe manner, in accordance with applicable federal, state, and local statutes,ordinances,and regulations, and as authorized or approved by all federal, state or local agencies having authority to regulate the permitting, handling and cleanup of Hazardous Materials. The City Manager shall be notified immediately of any release or threatened release of any Hazardous Material. 7.02 Operational Standards and Evaluation by City Concessionaire shall operate the Concession in accordance with the terms of this Agreement and the standards set forth in the Program. 7.03 Maintenance and Utilities 1. The Concessionaire shall provide at its own expense such janitorial and cleaning services and supplies as may be necessary in the operation and maintenance of the Assigned Areas. The Concessionaire also agrees to keep and maintain the Assigned Areas in a clean, neat and sanitary condition, and attractive in appearance. 2. The Concessionaire agrees to maintain and make necessary general repairs to all existing advertising equipment and fixtures, fixtures and equipment placed or installed in the Assigned Areas by Concessionaire, including, without limitation, signs, showcases, displays, all pay telephones and telephone boards. Concessionaire agrees to keep and maintain in good condition the electrical equipment located at or on the Assigned Areas. All repairs done by the Concessionaire or on its behalf shall be of first class quality in both materials and workmanship. All repairs shall be made in conformity with the rules and regulations prescribed from time to time by federal, state or local authority having jurisdiction over the work in the Concessionaire's Assigned Areas. The City Manager shall be the sole judge of the quality of maintenance of the advertising displays. If it is determined that such maintenance is not satisfactory, the City Manager shall so notify Concessionaire in writing. If such maintenance is not performed to City standards by the Concessionaire within seventy-two (72) hours after receipt of written notice, the City or its agents thereafter shall have the right to perform the maintenance thereof and 15 Revised: 6/16/10 24 7'_0669.I Concessionaire agrees to promptly reimburse the City for the cost thereof, plus a fifteen percent (15%) administrative overhead fee. 3. The Concessionaire shall, in a timely manner, provide for the adequate sanitary handling and removal of all trash, garbage, and other refuse caused as result of the Concessionaire's operations. 4. The City shall have the right to construct or install over, in, under or through the Assigned Areas new lines, pipes, mains, wires, conduits and equipment; provided, however, that such repair, alteration, replacement or construction shall not unreasonably interfere with Concessionaire's use of the Assigned Areas. The City will repair at its sole costs, any damage to Concessionaire property resulting from such activities. 5. Concessionaire shall be responsible for making all utility connections required for operation of its advertising displays at Concessionaire's sole cost and expense. The City shall be responsible and pay for monthly utility billing required, used or consumed in the Assigned Areas, including but not limited to electric, gas, telephone, garbage collection services and data and cable utility services, that are over and above the amount paid by Concessionaire in Article 3.03 (3). 6. The City shall not be liable for any interruptions to the utility services provided at the Airport or to the advertising displays. 7.04 City Access The City shall have the right to enter Concessionaire's Assigned Areas to: a. Inspect Assigned Areas at reasonable intervals during Concessionaire's regular business hours or at any time in case of emergency,to determine whether Concessionaire has complied with and is complying with the terms and conditions of this Agreement, and may require Concessionaire to perform necessary repairs at Concessionaire's own cost. b. Perform any and all things that Concessionaire is obligated to perform and has failed after reasonable notice to do, including: maintenance, repass and replacements to Concessionaire's Assigned Areas. The cost of all labor and materials required to complete the work will be paid'by Concessionaire to City within ten(10)days following demand by the City Manager for said payment. Article 8 Responsibility of the City 8.1 City Maintenance The City shall provide finished floors, walls and ceilings for the Assigned Areas in an "as-is" condition. The City shall be responsible for the providing of, maintenance of, and upkeep of partitions about the perimeter of the Assigned Areas, structural walls and supports, structural roof construction, structural floor construction, exterior window walls designed about the 16 25 720669.1 perimeter of the Assigned Areas, and Airport security. The City shall further be responsible for the general maintenance and upkeep of the Airport outside of Concessionaire's Assigned Areas. Article 9 Defaults of Concessionaire and Termination by the City 9.01 General Each of the following events shall constitute a"Default"or"Event of Default": 1. Any failure of Concessionaire to pay any Guaranteed Fee, Percentage Fee or any other fees, charges or sums whatsoever due hereunder for more than ten(10)days after receipt of written notice from City to Concessionaire that such amounts due hereunder were not received on the date required for payment pursuant to this Agreement; or 2. If Concessionaire fails to remedy a default by it with respect to any of the other covenants, conditions, and agreements contained in this Agreement, or in any rider, exhibit or other addendum hereto, within thirty (30) days after notice has been sent; provided, however, that in the event of a default which does not involve the payment of money and which cannot reasonably be cured within thirty (30) days, Concessionaire shall not be in default of this Agreement. If Concessionaire (i) gives written notice to City, within thirty (30) days after the notice of default has been sent, of Concessionaire's intent to cure, and (ii) within such thirty(30) day period, delivers evidence to City of the commencement of the cure,and(iii)diligently and in good faith continues said cure;and(iv)completes said cure expeditiously,or 3. IfCa>cessionaueabandons or vacates the Assigned Areas or ceases to oorduet its business therein for a period of ten (10) consecutive days; or the occurrence of any act by or within the control of the Concessionaire which operates to deprive the Concessionaire of the now.,powers and privileges necessary for the proper conduct of the amcession;or 4. If the Concessionaire allows any interior static advatisuig display to remain anpty and blank for a period longer than ten(10)days after receipt ofwritten notice from the City Manager: or 5. Any assignment of the Concessionaire's interest in this Agreement without the prior written approval of the City Manages;or 6. The failure of the Concessionaire to perform,keep or observe any of the terms, covenants and obligations lmderthis Agreement and the failure continues for tar(10)days after written notice by the City of such failure;or 7. If Concessionaire shall (1) apply for or consent to the appointment of or the taking of possession by a receiver,liquidator,custodian or trustee of itself or of all or a substantial part of its property, (ii)admit in writing its inability, or be generally unable,to pay its debts as such debts become due, (m)make a general assignment for the benefit of its aeditors, (iv)oommence a voluntary case under the Federal Bmkruptcy Code(as now or hereafter in effect),(v)file a petition seeking to take advantage of any other law relating to bankruptcy,insolvency,reorganization, winding-up,or composition or adjustment of debts, or(vi)take any action for the purpose of effecting any of the foregoing;or 17 Revised: 6/16/10 26 r_o669A 8. Ifa proceeding or case shall be commenced,withal the application or oorscrrt ofConeessionaire,in any court of competent jurisdiction, seeking (i) liquidation, reorganization, dissolution, winding-up, or composition or adjustment of debts,(ii)the appointment of a trustee,receiver,liquidator,custodian or the like of Concessionaire or of all or any substantial part of its assets, or(iii) similar relief urxler any law relating to bankruptcy,insolvency, reorganization,winding-up,or oomposition or adjustment ofdebts,and Concessionaire fails to wntrovert such action or proceeding in a timely and appropriate manna, or an order,judgment or decree approving or ordering any of the foregoing shall be entered and continued unsta}red and in effect, for a period of ninety(90)days;or any order for relief against Concessionaire shall be entered in an involuntary case under such Bankruptcy Code;or 9. Any representation by Concessionaire,or in any report,certificate,financial statement,or other instrument including this Agreement or any Exhibit that the City Manager determines is false, misleading, or incorrect in any material respect as of the date made. 9.02 City Rights upon Default 1. Upon the occurrence of a Default,the City Manager may at the City Manager's sole discretion,in addition to any other right or rights which City may have, serve a written thirty (30) days' notice of cancellation of this Agreement upon Concessionaire, and upon the expiration of said thirty (30) days, unless the Event of Default has been cured or a cure has been reasonably commenced and is diligently prosecuted by Concessionaire, this Agreement shall terminate and Concessionaire shall quit and surrender the Assigned Areas to City. In case of any such Default a. All Guaranteed Fee and Percentage Fee and other sums then to be paid by Concessionaire pursuant to this Agreement shall become due thereupon and be paid up to the time of such re-entry, dispossession and/or expiration, together with such reasonable expenses as the City may incur for legal expenses, attorneys' fees, brokerage,and/or putting the Assigned Areas in good order. b. The City-may re-assign the Assigned Areas or any part or parts thereof, either in the name of City or otherwise, for a term or terms, which may at City's option be less than or exceed the period which would otherwise have constituted the balance of the Term and may grant concessions or free of fees. C. Concessionaire or the legal representatives of Concessionaire shall also pay the City as liquidated damages for the failure of Concessionaire to observe and perform Concessionaire's covenants herein contained, any deficiency between the Guarantee Fee and Percentage Fee and other sums hereby reserved and/or covenanted to be paid and the net amount, if any, of the fees collected on account of the new concession or assignment of the Assigned Areas for each month of the period which would otherwise have constituted the balance of the Term. In computing such damages there shall be added to the deficiency such reasonable expenses as City may incur in connection with reassigning, such as legal expenses, attorneys' fees, brokerage and for keeping the Assigned Areas in good order. The City, at City's option, may make such alterations,repairs,decorations and replacements as are reasonably necessary or desirable for the purpose of reassigning the Assigned Areas; and the making of such alterations and/or decorations shall not operate or be construed to release Concessionaire from 18 Zi 7206621 liability hereunder as aforesaid. d. The foregoing remedies and rights of City are cumulative and in addition to any remedies the City may have in the enforcement of this Agreement. Concessionaire expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Concessionaire's eviction or dispossession for any cause. 2. The CityManager may allow this Agreement to continue in effect, for so long as City g Y Sr does not terminate this Agreement and Concessionaire's right to possession of the Assigned Areas, in which event City shall have the right to enforce all of City's rights and remedies under this Agreement including the right to recover the Guaranteed Fee, Percentage Fee, and any additional fee and other charges payable by Concessionaire under this Agreement as they become due under this Agreement. 9.03 Termination for Convenience. The City may terminate this Agreement for its convenience at any time, in whole or in part, by giving Concessionaire written notice thereof specifying the extent of the termination and its effective date. In the event this agreement is terminated solely for Convenience pursuant to this section 10.03, City shall reimburse Concessionaire for the unamortized depreciation amount of the Minimum Capital Investment, if any, at the termination of this Agreement and an Inconvenience Fee in the amount of Two Hundred and Fifty Thousand Dollars ($200,000.00). The depreciation method shall be based on a five year straight line depreciation schedule. In no case shall Concessionaire be entitled to anticipatory profits or consequential damages except as expressly provided in this Section 9.03 and Concessionaire shall have no further claims against City under this Agreement. 9.04 Right of City to Lien The right to lien on the inventory and other property of the Concessionaire is expressly granted to the City in any case where the Concessionaire fails to pay amounts due to the City under this Agreement. 9.05 No City Liability for Damage The City shall not be liable for any damage, including, but not limited to, loss of profit, and the Concessionaire shall not make a claim of any kind whatsoever against the City, its agents or representatives,by reason of any action taken pursuant to this Article other than damages arising from the negligence or willful misconduct of the City, its employees or agents. Article 10 Bankruptcy or Insolvency 10.01 Concessionaire's Interest Not Transferable Neither Concessionaire's interest in this Agreement, nor any estate hereby created in Concessionaire nor any interest herein or therein, shall pass to any trustee or receiver or assignee for 19 Revised: 6/16/10 28 no669A the benefit of creditors or otherwise by operation of law except as may specifically be provided pursuant to the United States Bankruptcy Code, as amended. In the event the Concessionaire enters into proceedings relating to bankruptcy, whether voluntary or involuntary, the Concessionaire agrees to furnish, by certified mail or electronic commerce method authorized by the Agreement, written notification of the bankruptcy to the City Manager. This notification shall be furnished within five (5) days of the initiation of the proceedings relating to bankruptcy filing. This notification shall include the date on which the bankruptcy petition was filed, the identity of the court in which the bankruptcy petition was filed, and a listing of City contract numbers for all City contracts against which final payment has not been made. This obligation remains in effect until final payment of net receipts under this Agreement has been made to the City. 10.02 Termination In the event the interest or estate created in Concessionaire hereby shall be taken in execution or by other process of law, or if Concessionaire's guarantor, if any, or its executors, administrators, or assigns, if any, shall be adjudicated insolvent or bankrupt pursuant to the provisions of any state act or the Code or if Concessionaire is adjudicated insolvent by a court of competent jurisdiction other than the United States Bankruptcy Court, or if a receiver or trustee of the property of Concessionaire or Concessionaire's guarantor, if any, shall be appointed by reason of the insolvency or inability of Concessionaire or Concessionaire's guarantor, if any, to pay its debts as the same become due or if any assignment shall be made of the property of Concessionaire or Concessionaire's guarantor, if any, for the benefit of creditors, then City shall have the right to elect,by written notice to Concessionaire,to terminate this Agreement and all rights of Concessionaire hereunder, and Concessionaire shall vacate and surrender the Assigned Areas but shall remain liable as herein provided. 10.03 Concessionaire's Obligation to Avoid Creditors'Proceedings Concessionaire or Concessionaire's guarantor, if any, shall not cause or give cause for the appointment of a trustee or receiver of the assets of Concessionaire or Concessionaire's guarantor, if any, and shall not make any assignment for the benefit of creditors, or become or be adjudicated insolvent. The allowance of any petition under insolvency law except under the Code or the appointment of a trustee or receiver of Concessionaire or Concessionaire's guarantor, if any, or of the assets of either of them, shall be conclusive evidence that Concessionaire caused, or gave cause for the appointment of a trustee or receiver of the assets of Concessionaire therefore, unless such allowance of the petition, or the appointment of a trustee or receiver, is vacated within sixty (60) days after such allowance or appointment. Any act or occurrence described in this Section shall be deemed a material breach of Concessionaire's obligations hereunder, and providing City with the right to elect by written notice to Concessionaire to terminate this Agreement and all rights of Concessionaire hereunder, and Concessionaire shall vacate and surrender the Assigned Areas but shall remain liable as herein provided. City does, in addition, reserve any and all other remedies provided in this Agreement or by law. Article 11 Cancellation by Concessionaire The Concessionaire, in addition to any other right of cancellation herein given to the 20 29 720669A Concessionaire by the City or any other rights to which Concessionaire may be entitled by law or otherwise, may cancel this Agreement at any time that the Concessionaire is not in default in its payments to the City hereunder, by giving the City Manager sixty (60) days written notice to be served as hereinafter provided, upon or after the happening of any one of the following events: a. Issuance by any court of competent jurisdiction of an injunction in any way preventing or restraining the use of the Airport or any part thereof for Airport purposes, which injunction materially affects Concessionaire's operations at the Airport; b. The inability of Concessionaire to use the Airport or any of the premises, facilities, rights, licenses, services or privileges granted to the Concessionaire hereunder because of any law or any order, rule, regulation or other action or any non-action of the Federal Aviation Administration or any other governmental authority, or because of fire, earthquake, other casualty or acts of God, or the public enemy, which materially affects Concessionaire's operations at the Airport. C. The default by the City in the performance of any covenant or agreement herein required to be performed by the City and the failure of the City to remedy such default for a period of thirty (30) days after receipt from the Concessionaire of written notice to remedy the same; provided, however, that no notice of cancellation as above provided shall be of any force or effect if the City shall remedy the default prior to receipt of the Concessionaire's notice of cancellation. Article 12 Laws,Remlations and Compliance 12.01 Laws and Regulations ations The Concessionaire covenants and agrees that it will fully comply with all laws, ordinances, rules and regulations for the City, the State of California, and the United States applicable to, related to, or touching upon Concessionaire's operations within and upon the Facilities or elsewhere at the Airport and expressly agrees that its use of and activities upon the Airport shall be subject to all such ordinances, rules and regulations. The Concessionaire shall furnish all licenses, permits and authorizations required for the management and operation of the Facilities authorized herein. 12.02 Safety and Fire Re lgu ation The Concessionaire shall conduct its operations and activities under this Agreement in compliance with all safety regulations and directives of the City and applicable Federal, state and local laws. The Concessionaire shall procure and maintain such fire prevention and extinguishing devices as required by the authority and shall at all times be familiar with and comply with the fire regulations and orders of the City. 12.03 Airport Security 21 Revised: 6/16/10 30 7'_0669.1 Concessionaire shall observe all security requirements of Federal Aviation Regulation Part 139 and Transportation Security Regulations Parts 1500, 1520, and 1542 applicable parts, as, the same may be from time to time amended, and to take such steps as may be necessary or directed by City to ensure that subcontractors, employees, invitees, and guests observe these requirements. If City incurs any fines and/or penalties imposed by the Federal Aviation Administration or Transportation Security Administration or any expense in enforcing said regulations and the City's Airport Security Program, as a result of the acts or omissions of Concessionaire, Concessionaire agrees to pay and/or reimburse all such costs and expense. Concessionaire further agrees to rectify any security deficiency as may be determined as such by the City or the Federal Aviation Administration or the Transportation Security Administration. City reserves the right to take whatever action is necessary to rectify any such security deficiency in the event Concessionaire fails to remedy same. 12.04 City Issuance of Rules and Regulations The City Manager shall have the right to prescribe, in its sole discretion, such reasonable rules and regulations which in the City Manager's reasonable judgment are necessary or appropriate for the general well being, safety, care, and cleanliness of the Airport. 12.05 Compliance by Other Concessionaires and Concessionaires The City Manager shall, whenever possible, make reasonable efforts to obtain uniform compliance with the City's rules and regulations; however, the City shall not be liable to the Concessionaire for any violation or non-observance of such rules and regulations by any user, tenant, concessionaire, invitee, licensee, or trespasser at the Airport nor shall such violation or non-observance by a user, tenant concessionaire, invitee, licensee, or trespasser at the Airport, constitute a waiver of the Concessionaire's obligation to comply with City rules and regulations. 12.06 Notification of Theft or Damage The Concessionaire shall inform the City Manager, in writing, within twenty-four (24) hours after the Concessionaire becomes aware of any damage to or alleged theft of City property or private property. Article 13 Indemnification and Insurance 13.01 Damage Caused by the Concessionaire All damage to the Assigned Areas or to the Airport in any way caused by the Concessionaire or its agents,employees,conhacm visitors,guests or invitees,shall be repaired at the expense of the Concessionaire. In the event of such damage, the City shall have the option to make such repairs as are necessary,and any charge,costs,or damages so incurred by the City shall be paid by the Concessionaire. 13.02 Indemnification-General 22 3 I 710669.1 The Concessionaire shall defend, indemnify, and hold the City and its officers, employees and agents completely harmless from and against any and all claims, suits, demands, actions, liabilities, losses, damages,judgments,or fines arising by reason of injury or death of any person,or damage to any property, including all reasonable costs for investigation and defense thereof(including, but not limited to, attorney fees, court costs and expert fees) of any nature whatsoever arising out of the Concessionaire's conduct of its business on the Airport,or in its use ofoaagpancy ofthe Assigned Areas,regardless of where the injury,death,or damage may occur, except to the extent such injury, death, or damage is caused City's sole negligence or willful conduct or that of its officers,employees,or agents. 13.03 Indemnification- Violation of Laws. The Concessionaire shall defend, indemnify, and hold the City, and its agents, officers, and employees, completely harmless from and against any claim, suit, demand, action, liability, loss, damage, judgment, fine, or civil penalty and all costs and expenses of whatever kind or nature (including, but not limited to, attorney fees, court costs and expert fees) associated therewith in any way arising from or based upon the violation of any Federal, state, or municipal laws, statutes, resolutions, or regulations by the Concessionaire, its agents, employees, subcontractors, or sublessees, in conjunction with the Concessionaire's use and/or occupancy of the Airport. The City shall give the Concessionaire reasonable notice of and an opportunity to defend against,any such claims or actions, and the City shall take reasonable actions to mitigate its damages. 13.04 Indemnification- Airport Security If the City is deemed to be in noncompliance with laws or regulations governing access to secure areas of the Airport and to the areas of the airfield and said noncompliance is the result of or due to the negligence or willful act or omission of the Concessionaire or of any of the Concessionaire's employees, agents, subcontractors, or sublessees and such breach results in a civil penalty action against the City, the Concessionaire agrees to reimburse the City for all expenses, including reasonable attomey fees incurred by the City in defending against the civil penalty action and for any civil penalty or settlement amount paid by the City as a result of the civil penalty action. The City shall give the Concessionaire reasonable notice of any allegation, investigation, or proposed or actual civil penalty which relates to acts or omissions of the Concessionaire. 13.05 Survival of Indemnification The provisions of Sections 13.02, 13.03, and 13.04 shall survive the expiration, termination, or early cancellation of this Agreement for claims, suits, demands, actions, liabilities, loss, or damage, which occur prior to the termination or early cancellation of this Agreement. 13.06 Insurance. 1. Concessionaire shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, public liability and property damage insurance against all claims for injuries against persons or damages to property resulting from Concessionaire's performance under this Agreement. Concessionaire shall also carry workers' compensation insurance in accordance with California's workers compensation laws. Such insurance shall be kept in effect during the term of this Agreement and shall not be cancelable without thirty (30) days written 23 Revised: 6/16/10 32 7?06G9.1 notice to City Manager of any proposed cancellation. City's certificate evidencing the foregoing and designating City as an additional named insured shall be delivered to and approved by City's Risk Manager prior to commencement of the services hereunder. The procuring of such insurance and the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Concessionaire's obligation to indemnify City, its contractors, officers and employees. 2. Comprehensive or Commercial Form General Liability Insurance shall include the following minimal limits: a. General Liability including operations, products and completed operations $1,000,000 each occurrence for bodily injury, personal injury and property damage/$2,000,000 aggregate b. Automobile, $1,000, 000 each accident; $1,000,000 uninsured motorist C. Workers Compensation, $1,000,000 each accident/$1,000,000 each employee for disease. d. Excess Liability/Umbrella Form, $2,000,000. 3. Insurance policies carried by Concessionaire shall be with a company admitted to write insurance in California that has a current A.M. Best rating of not less than B++:VIII or with a non-admitted insurer on California's List of Eligible Surplus Lines of Insurers that has a current A.M. Best rating of not less that A-;X. All insurance certificates verifying insurance coverage and endorsements shall be provided to the City a minimum of five days prior to the Commencement Date of this Agreement. 4. An Additional Insured Endorsement is required for the General Liability Insurance policy naming the City, its officers, employees, and agents as additional insureds on the policy. 5. The policies shall provide for a 30 day notice to the City prior to termination, cancellation, or change. 6. The general liability and excess liability/umbrella policies must be endorsed to provide that each policy shall apply on a primary and noncontributing basis in relation to any insurance or self-insurance, primary or excess, maintained by or available to the City or its officials, employees, and agents. 7. The Workers Compensation policy shall contain the insurer's waiver of subrogation (or waiver of right of recovery) in favor of City, its elected officials, officers, employees, and agents. 8. If, in the City's opinion, the minimum limits of the insurance herein required have become inadequate during the period of this Agreement, the Concessionaire shall increase such minimum limits by reasonable amounts on request of the City provided that said coverage is available at standard commercial rates. 24 33 720669.1 Article 14 Gross Revenues Reports 14.01 Certified Statements Concessionaire shall submit to the City Manager not later than the twentieth day of each calendar month during the Term of this Agreement, or at such other intervals as specified herein, a certified statement setting forth the Concessionaire's Gross Revenues for the preceding calendar month. Said statement shall be in the format specified by the City Manager, shall include all information required by the City Manager including, without limitation, separate total sales by location and shall be certified as complete and correct by the Concessionaire's principal financial officer. Within ninety (90) days after the expiration of each Agreement Year, the Concessionaire shall submit to the City Manager an annual certified statement showing the amount of Gross Revenues and itemized exclusions therefrom for the Agreement Year certified by the Chief Financial Officer of the Concessionaire and a like annual certified and complete statement from a Certified Public Accountant which includes an opinion that the fees paid by Concessionaire to the city during the preceding agreement year were made in accordance with the terms of this Agreement. Such certification does not affect the City's audit rights or supersede any City audit findings and such statement shall be in the format specified by the City Manager. Article 15 Records and Books:Inspections:Audilc 15.01 Maintenance of Books and Records 1. Concessionaire shall maintain full and accurate books of accounts and records from which Gross Revenues can be determined. Concessionaire shall maintain adequate accounting records in accordance with generally, accepted accounting principles, and generally accepted auditing standards and the requirements of this Agreement, for: (i) all transactions relevant to this Agreement; and (ii) all exclusions from Gross Revenue claimed by Concessionaire. The City Manager shall have the right at all reasonable times to inspect and audit all such records as may be necessary to verify the reported Gross Revenue,including State of California sales tax return records. 2. Books of accounts and records shall include detailed analysis listing all of Concessionaire's operations at the Airport,or a result of its operation at the Airport in the form of printed, written or electronic media. Books of accounts and records shall also include, but is not limited to: (i) all original accounting source documents detailing transactions relevant to this Agreement, including but not limited to: (a) original contacts, (b) monthly sales journals detailing each transaction for the month, (c) reconciliations between the financial records and monthly reports submitted to the City, (d) other sales related documents; and(e)all exclusions from Gross Revenue claimed by Concessionaire. 3. For exclusions or adjustments to Gross Revenue, the Records shall include, but are not limited to: (a) all agreements between Concessionaire and corporate or volume customers establishing the customers' contractual rights to rebates; (b) lists of all individual transactions with all corporate or volume customers; (c) all individual agreements with all corporate or volume customers; and(d)any documentation or records supporting additional reductions to Gross Revenue. 25 Revised: 6/16/10 34 720009.1 4. Concessionaire's books of accounts and records shall be segregated from other business matters and records of other operations of the Concessionaire. Concessionaire's records for its operations at the Airport shall be kept separate from other records and sequentially numbered for tracking. All books of accounts and records and all other papers and files of the Concessionaire related to Gross Revenues and capital under this Agreement shall be made available at the Airport within ten(10)days of Concessionaire's receipt of the City's written request for such books and records with respect to advertising sales at the airport. 5. In those situations where Concessionaire's sales records have been generated from computerized data Concessionaire agrees to provide the City Manager or the City Manager's representative with extracts of data files in a computer readable format in.E-mail with attached files, or,surtable altemative.computer data exchange formats.. 6. Records shall be so kept and maintained for at least five (5) years after the end of each Agreement Year and at least three (3) years after the expiration or termination of this Agreement or in the event of a claim by the City, until such claim of City has been fully ascertained, fixed and paid. The foregoing books and records so required to be kept and maintained shall include without limitation all records of daily bank deposits of the entire receipts from transactions on the Assigned Areas and invoices. 15.02 Accounting Manager Concessionaire shall provide the name and telephone number of Concessionaire's accounting manager or the like who has a thorough knowledge of the accounting system as it pertains to this Agreement and who will assist the City with its audit. Concessionaire will also allow interviews of past and present employees who were involved in the financial or operational activities of Concessionaire at reasonable times in cooperation with the Concessionaire. 15.03 Legal Fees In the event that the City deems it necessary to utilize the services of internal or external legal counsel in connection with collecting any amounts found due and owing by Concessionaire in an audit, then Concessionaire shall reimburse the City for reasonable attorneys fees and litigation expenses as part of the aforementioned costs incurred. Article 16 Surrender of Occunancv 16.01 Surrender of Occupancy When this Agreement expires or is terminated in whole or in part as provided for elsewhere in this Agreement, the Concessionaire shall surrender the Assigned Areas and all Fixed Improvements therein broom clean and in good condition and repair, with the exception of reasonable wear and tear and damage by loss or casualty not covered by insurance which the Concessionaire is required to maintain pursuant to this Agreement and not otherwise attributable to the Concessionaire's fault or negligence. Article 17 7'0669.1 26 35 Changes&Additions to Airport; Impact of Construction Activities 17.01 Changes & Additions to Airport 1. The City reserves the right at any time, and from time to time, to make alterations to, and to build additional retail stores in the terminal building at the Airport, and to construct other buildings and improvements at the Airport, including any modifications of any common areas, to enlarge or reduce the Airport, to add decks or elevated parking facilities, and to sell or lease any part of the land comprising the Airport, for the construction thereon of a building or buildings which may or may not be part of the Airport. The City reserves the right at any time to relocate, reduce, enlarge, or reconfigure the various buildings,parking areas, and other common areas; provided,however,that any such relocation, reduction, enlargement, or reconfiguration which adversely affects the Assigned Area shall result in a downward adjustment of the Minimum Annual Guarantee or Percentage Fee, whichever is applicable, in accordance with the impact on the exposure of the public to Concessionaire's locations. 2. The City shall have the exclusive right to use all or any part of the roof of the Assigned Areas for any purpose; to erect additional stories or other structures over all or any part of the Assigned Areas; to erect in connection with the construction thereof temporary scaffolds and other aids to construction on the exterior of the Assigned Areas, provided that access to the Assigned Areas shall not be materially denied; and to install,maintain, use, repair and replace within the Assigned Areas pipes, ducts, conduits, wires and all other mechanical equipment serving other parts of the Airport, the same to be in locations as will not unreasonably deny Concessionaire's use thereof. The City may make any use it desires of the side or rear walls of the Assigned Areas (including, without limitation, freestanding columns and footings for all columns), and the City, at its expense, shall repair all damage to the Assigned Areas resulting fivm such work. 17.02 Impact of Construction Activities The Concessionaire recognizes that from time to time during the term of this Agreement it may be necessary for the City to initiate and cant'forward extensive programs of construction reconstruction, expansion, relocation, maintenance, and repair on the Airport, and that such construction, reconstruction, expansion, relocation, maintenance, and repair may inconvenience or impair the Concessionaire in its operation at the Airport. The Concessionaire agrees that no liability shall attach to the City, its directors, officers, agents, employees, contractors, subcontractors, and representatives by way of such inconveniences or impairment, and the Concessionaire waives any right to claim damages or other consideration for such inconveniences or impairment provided however that the Minimum Annual Guarantee shall be adjusted in accordance with the impact on exposure of the public to Concessionaire's locations. Article 18 Assignment and Subletting 18.01 Prohibition 1. Concessionaire shall not transfer or assign this Agreement or its interest in this Agreement or subcontract its rights under this Agreement without the express written consent of the City, which will not be unreasonably withheld. 27 Revised: 6/16/10 36 720669A 2. Transfers or assignments occurring by operation of law are also prohibited. Any attempted transfer, assign, sublease (if applicable), license, or franchise, or equivalent shall be void and confer no rights upon any third person. No assignment, subcontract, transfer, license, franchise, or equivalent shall relieve Concessionaire of any obligations under this Agreement. The consent by the City to any transfer, assignment, or subcontract shall not be deemed to be a waiver on the part of the City to any prohibition against any future transfer, assignment,or subcontract. 18.02 Procedure for Transfer Should Concessionaire desire to make a transfer hereunder, Concessionaire shall, in each instance, give written notice of its intention to do so to City Manager at least ninety(90) days before the intended effective date of any such proposed transfer, specifying in such notice whether Concessionaire proposes to assign or sublet, or enter into license, franchise or concession agreements, the proposed date thereof, and specifically identifying the proposed transferee, previous business experience of the proposed transferee, including without limitation copies of the proposed transferee's last two years' income statement,balance sheet and statement of changes in financial position (with accompanying notes and disclosures of all material changes thereto) in audited form, if available, and certified as accurate by the proposed transferee. Such notice shall be accompanied,in the case of a proposed assignment, subletting, license, franchise or concession agreement, by a copy of the proposed assignment, sublease, license, franchise or concession agreement or, if same is not available, a letter of commitment or a letter of intent. 18.03 Required Documents and Fees Each transfer to which City has consented shall be evidenced by a written instrument in form satisfactory to City, executed by Concessionaire and the transferee, under which the transferee shall agree in writing for the benefit of the City(except as otherwise agreed in writing by the City) to assume, perform and abide by all of the term, covenants and conditions of this Agreement to be done, kept and performed by Concessionaire, including the payment of all amounts due or to become due under this Agreement directly to the City and the obligation to use the Assigned Areas only for the purposes specified in this Agreement.Concessionaire shall reimburse the City's reasonable attomeys' and administrative fees incurred in the processing of,and documentation for,each such requested transfer,not to exceed$500,whether or not the transfer is consummated. 18.04 Transfers The term "transfer" includes, but is not limited to, transactions after the commencement date in which the Concessionaire sublets, rents or otherwise permits occupancy or use of the Assigned Areas by a third party. 18.05 Consent If the City consents to any transfer, assignment or subcontract, that consent shall not be effective unless and until Concessionaire gives notice of the transfer or assignment and a copy of the transfer, assignment, or subcontract agreement to the City, and the transferee, assignee, or subcontractor assumes all of the obligations and liabilities of the Concessionaire under this Agreement. 7206K1 28 37 18.06 Transfer to Wholly Owned Subsidiary Concessionaire may transfer this Agreement to any wholly owned subsidiary provided that Concessionaire shall guarantee and remain secondarily liable for the compliance with all terms and conditions of the Agreement. Article 19 Federal Regulations 19.01 Federal Government's Emergency Clause All provisions of this Agreement shall be subordinate to the rights of the United States of America to operate the Airport or any portion thereof during time of war or declared national emergency in accordance with established lawful procedures. Such rights shall supersede any provision of this Agreement that is inconsistent with the operation of the Airport by the United States of America during time of war or national emergency. Article 20 Nondiscriminatiom DBE Particivation. 20.01 Policy It is the policy of City to promote the objectives of the United States Department of Transportation with respect to the participation of DBE'S in DOT assisted contracts. This policy has been formulated to comply with 49 CFR Parts 23 and 26. The Concessionaire agrees to include the statements in Paragraphs 22.02, 22.03, and 22.04 in any subsequent agreement that it enters and cause those businesses to similarly include the statements in further agreements. 20.02 Nondiscrimination The Concessionaire for itself, its personal representatives, successors in interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree that: (1) "This agreement is subject to the requirements of the U.S. Department of Transportation's regulations, 49 CFR Part 23. The concessionaire or contractor agrees that it will not discriminate against any business owner because of the owner's race, color, national origin, or sex in connection with the award or performance of any concession agreement, management contract, or subcontract, purchase or lease agreement, or other agreement covered by 49 CFR Part 23. (2) "The concessionaire or contractor agrees to include the above statements in any subsequent concession agreement or contract covered by 49 CFR Part 23, that it enters and cause those businesses to similarly include the statements in further agreements." 20.03 General Civil Rights Provision The Concessionaire assures that it will comply with pertinent statutes, Executive Orders and such rules as are promulgated to assure that no person shall,on the grounds of race, creed, color, national origin, sex, age, or handicap be excluded from participating in any activity conducted with or 29 Revised: 6/16/10 38 7^_0669.1 benefiting from Federal assistance. Article 21 Miscellaneous 21.01 Rights Reserved to the City All rights not specifically granted to the Concessionaire by this Agreement are reserved to the City. 21.02 City Not Liable Except as specifically provided for in this Agreement the City shall not be under any duty or obligation to the Concessionaire to repair or maintain the Assigned Areas, or any portion thereof, or any facilities or equipment constructed thereon other than as previously set forth herein. The City shall not be responsible or liable to the Concessionaire for any claims for compensation or any losses, damages, or injury, including lost profits, sustained by the Concessionaire resulting from failure of any water supply, heat, air conditioning, electrical power, or sewer or drainage facility, or caused by the natural physical conditions on the Airport, whether on the surface or underground, including stability, moving, shifting, settlement of, ground, or displacement of materials by fire, water, windstorm, tornado, act of God, or state of war, civilian commotion or riot, or any other cause or period beyond the control of the City, except to the extent covered by the City's insurance. 21.03 Entire Agreement This Agreement constitutes the entire agreement of the parties hereto and may not be changed, modified or amended, but only by a written instrument of change, modification or amendment executed by the party against whom enforcement of any change, modification or amendment is sought. 21.04 Relationship of the Parties The Concessionaire is and shall be deemed to be an independent contractor and operator responsible to all parties for its respective acts and omissions, and the City shall in no way be responsible therefore. Nothing in this Agreement shall be construed as making the Concessionaire an agent or representative of the City for any purpose whatsoever. Further, nothing in this Agreement is intended or shall be construed as in any way creating or establishing the relationship of copartners between the Parties hereto. 21.05 Ingress and Egress For the purpose of contract performance, the City will grant the Concessionaire without charge therefore, the right of ingress and egress from said Assigned Areas by the Concessionaire, its employees, contractors, suppliers, servicemen, licensees, guests, patrons, and invitees, provided that such right of ingress and egress shall at all times be exercised in compliance with any and all regulations promulgated by lawful authority for the care, operation, maintenance, and protection of the Airport which apply to all 30 39 720 69.1 users of the Airport. For purposes of this Article, a person shall be deemed to conduct business on the Airport if he occupies any space on the Airport or if he provides any services on the Airport, other than utilities,on a regular or continuing basis. 21.06 Waiver of Performance The failure of the City or the Concessionaire, in any one or more instances, to invoke a provision, term, covenant, reservation, condition, or stipulation of this Agreement, or to enforce or take action to enforce, or to demand performance by the other party hereto, or to insist upon a strict performance by the other of any of the provisions, terms, covenants, reservations, conditions or stipulations contained in this Agreement shall not be considered a waiver or relinquishment of the rights to invoke enforce, demand, or insist thereon, but the same shall continue and remain in full force and effect, and no waiver by either party of any provision,term, covenant, reservation, condition or stipulation hereof shall be deemed to have been made in any instance unless expressed in writing. In the event any provision contained in this Agreement is breached by either party and thereafter waived by the other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to be a waiver of any other breach hereunder. 21.07 Specific Performance of Cit,,y's Rights City shall, have the right to obtain specific performance of any and all covenants or obligations of Concessionaire under this Agreement, and nothing contained in this Agreement shall be construed as or shall have the effect of abridging such right. 21.08 Survival of Concessionaire's Obligations All obligations of Concessionaire under this Agreement which cannot be ascertained to have been fully performed prior to the end of the Term or any earlier termination hereof shall survive the expiration or termination of this Agreement; whichever occurs earlier. 21.09 Severability If any article, section, provision, term or condition of this Agreement is held to be invalid by a court of competent jurisdiction, the remainder of this Agreement, including the remaining rights and obligations of the City and the Concessionaire,shall not be affected thereby. 21.10 No Third Party Beneficiaries This Agreement is for the benefit of the parties hereto only and is not intended to and shall not create any rights in or confer any benefits upon any person or entity other that the parties hereto. 21.11 Governing Law This Agreement shall be governed by and in accordance with the laws of the State of California without regard to conflicts of law principals. 24.12 Venue 31 Revised: 6/16/10 4 U 7^_0669.t To the extent allowed by law, the venue for any action arising from this Agreement shall be Riverside County. 21.13 Waiver of Jury Trial The Concessionaire hereby waives all right to trial by jury in any claim, action, proceeding or counterclaim by either the Concessionaire or the City against each other or any matters arising out of or in any way connected with this Agreement. 21.14 Notices Any notice, demand, request, consent, approval, or communication either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by certified mail, return receipt requested to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this Section. To City: Office of the City Manager 3200 E. Tahquitz Canyon Way P.O. Box 2743 Palm Springs, CA 92263-2743 Office of the Airport Director Suite OFC 3400 E. Tahquitz Canyon Way Palm Springs, CA 92263-2743 To Concessionaire: U.S. Enterprises d/b/a/ Corey Airport Services Attn: President 225 Corey Center, SE Suite 1 Atlanta, Georgia 30312 21.16 Duplicate Counterpart Original This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 21.17 Capacity to Execute The persons executing this Agreement on behalf of the parties hereto warrant that they are duly authorized to execute this Agreement on behalf of said parties and that by so executing this Agreement the parties hereto are formally bound to the provisions of this Agreement. 24.18 Execution The parties hereto acknowledge that they have thoroughly read this Agreement, including any exhibits or attachments hereto and have sought and received whatever competent advice and 32 41 720669.1 counsel was necessary for them to form a full and complete understanding of all rights and obligations herein. 21.19 Transfer of Operations Concessionaire agrees to cooperate with any substitute concessionaire at the termination of this Agreement,whether by lapse of time or otherwise. Concessionaire shall provide a complete list of existing advertising agreements including the contact person for each advertising client. City may direct Concessionaire to leave in place any wall or other wraps and any artwork, graphics, posters, or other collateral advertising material for reuse in the Airport subject to the consent of the advertising client. [Signature Page Follows] 33 Revised: 6/16/10 42 l20669.1 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates stated below. "CITY" City of Palm Springs Date: By: David H. Ready City Manager APPROVED AS TO FORM: ATTEST By: By: Douglas C. Holland, James Thompson, City Attorney City Clerk APPROVED BY CITY COUNCIL: Date: Agreement No. Corporations require two notarized signatures. One signature must be from Chairman of Board,President,or any Vice President. The second signature must be from the Secretary,Assistant Secretary,Treasurer,Assistant Treasurer,or Chief Financial Officer, COMPANY NAME: Check one Individual Partnership_Corporation Address By By Signature(Notarized) Signature(Notarized) 34 43 720669.1 CALIFORNM ALL44JRPOSE ACKNOWLEDGMENT CIVIL CODE§1180 A rotary public a other o fic r mrnpWang the mrtrwate wn€ea cr*1M idmaY of Nre i+3wdml who a Ad the dacoxant tcwhich to cwffcem s asached,and m the tnMlulr ,acaray.ar vaidity of that doarrent state of Calihorta ) County Of ) On before me. Offie Here Insert Nana and MW of the Officer personally appeared NNT*W of ) who proved to me an the bean of anfiafa lory evidence to be the peraorm(s) whose tea) mhos aubacribed to the vdthst nabumerd and acknowledged to ne that hefaheMey executed the acne in limAmmRheiraultionzed c j(imia),andthatby trn/herAhava s)onthe nahunad the penaon(a), or the entity upon hehaN of which the peraon(a)acted,executed the instrument. I certify under PEWLTY OF PERJURY under the leas of the State of California that the foregoing paragraph is true and correct. WrrW3S my hand and oFcid seed. Signature signature of Namry Putmc Place Notary^Jest Above Op7TOlYAt Though Hera sac an=cp�crxnpm[irg Hat ffil Corr can dear aKerabm of the dopana,t a laud ant realloohmerit of Hrs firm to an,unintended Oaaevwnt Description of Attached Doaanrent Tress or Type of Dochanad: Doauerad Oats Number of Pagaa: Signer(a) Other Than Narred Above: Cape-Wee)Claknhed by Grgner{a) Signer'a None: Signer's hdrrra ❑Corporate Officer—Tea): ❑Corporate Officer—TO*): ❑PaMa— O tminded ❑Gerd ❑Partner— O Levied ❑(lenerel ❑Indni duet ❑Attorney in Fad ❑Idiodud ❑Atiorney in Fact ❑Trustee ❑Guar dim or Cbrum vator ❑Trustee ❑Guarder,err f anserAdor ❑War ❑Other: &gner It Representing. Signrer la Reproseriling. OM14 Nafo,A Nokerynmacu6m•a lla;oratildmyag-1-8W-LIS NDTARr(legg-s79-M7) hertm#5W IN WITNESS WHEREOF,the parties have executed and entered into this Lease as of the date first written above. CITY OF PALM SPRINGS 639913.1 1 44 ,t Advertising Concession e r Exhibit A CONEY 4. N � q a- a Existing Program Locations 67 '^ New Program Locations 59 �� • City Program 7 INTERNATIONAL AIRPORT • City Shared it spot on Digital) 7* ';\ ,`: •Included in New Program location count di CA �,