2002-207 Ordinance - Laserfiche WebLink

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hundred dollazs ($3200) collected. The City shall pay to Instructor eighty (80%) of the gross proceeds of any and all Gyrnnastics Birthday Party programs collected for and conducted at the Recreation Center. The City sha11 pay to Instructor eighty (80%) of the gross proceeds of any and all "field trip" programs conducted by the Instructor at the Recreation Center. Insurance fees collected in connectian with Instructor's services shall be deducted directly from the procce?eds collected by the City; however, in the everrt 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 agee to consolidate ownership of a11 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 properly, the paymerrt of which shall be paid by the Instcuctor, based upon Schedule B attached hereto. The City will transfer and retitle such personal property on Schedule B at the conclusion af the term hereof. In the event that this contract is termina.ted prior to the end of this teim or prior to the Insttuctor's acquisition of a11 of the properl.y 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 imerest in any such remaining property listed on either Schedule upon ternvnation 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 V Option To Terminate Contract for Permanent Disability of Instructor Notwithstanding anything in this agreement to the corttrary, the City has the option to ternunate this agreemerrt in the event that during its term Instructor sha11 become permanently disabled as the term permanently disabled is defined below. Such option stiall 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 atidress as Insttuctor shall designate in writing, of its intention to tenninate this agreemeirt on the last day of the month during which such notice is mafled, 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 and effect as if that day were originally set forth as the termination date. For the purposes of this agreement, Instructor sha11 be deemed to have become permanently disabled if, during any year of the term of this agreement, because of ill health, physical or mental disability, or for other causes beyond her control, she shall have been continuously unable or unwilling or have failed to perform her duties under this contract for thirty consecutive days, or if, during any year of the term of this agreement, she shall have bcen unable or unwilling or have failed to 5