2005-134 Ordinance - Laserfiche WebLink

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The City shall pay to Instructor Eighty (80 %) percent of all proceeds above Three Thousand ($3,000.00) Dollars collected. The City shall pay to Instructor Eighty (80 %) percent of the gross proceeds of any and all Gymnastics Birthday Party programs collected for and conducted at the Recreation Center. The City shall pay to Instructor Eighty (80 %) percent of the gross proceeds of any and all "field trip" programs conducted by the Instructor at the Recreation Center. Insurance fees collected in connection with Instructor's services shall be deducted directly from the proceeds collected by the City, however, in the event of an increase in insurance costs after publication of public fees, the City shall bear the cost of the increased insurance fee until a new fee schedule is agreed upon and published. The City and the Instructor agree to consolidate ownership of all gymnastic equipment, whether owned by one party or the other, or as owned by both at various percentages. The parties agree to the inventory and valuation of all such property, as prepared and attached hereto as Schedule A, subject to modification, depreciation, and other adjustments noted therein. The parties further agree to a buy -out schedule which provides for the purchase of certain property, the payment of which shall be paid by the Instructor, based upon Schedule B attached hereto. The City will transfer and retitle such personal property on Schedule B at the conclusion of the term hdm(bhe event that this contract is terminated prior to the end of this term or prior to the Instructor's acquisition of all of the property listed in either Schedule, then the Instructor's interest herein shall become subject to the City's right upon termination, as described herein. The Instructor's right to buy -out the City's interest in any such remaining property listed on either Schedule upon termination shall be reasonably negotiated prior to the removal of such property from the Recreation Center, allowing the Instructor reasonable time to obtain commercial financing and the City to consider terms for buying out the Instructor or replacing the said equipment. Section VI Option to Terminate Contract for Permanent Disability of Instructor Notwithstanding anything in this agreement to the contrary, the City has the option to terminate this agreement in the event that during its term Instructor shall become permanently disabled as the term as the term permanently disabled is defined below. Such option shall be exercised by the City giving notice to Instructor by registered mail, addressed to her in care of the City at North Olmsted City Hall, or at such other address as Instructor shall designate in writing, of its intention to terminate this agreement on the last day of the month during which such notice is mailed, and on the giving of such notice this agreement and the term of this agreement come to an end on the last day of the month in which the notice is mailed, with the same force 5