7C, Mpls North Convention and Visitors Bureau Discussion

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CONVENTION AND VISITORS BUREAU AGREEMENT THIS AGREEMENT made and entered into this JLe- day of "'teCI'J'1be-( , 2004 by and between the City of Arden Hills, a Minnesota municipal corporation hereinafter referred to as "City", and the Minneapolis Metro North Convention and Visitors Bureau, a Minnesota non-profit corporation, hereinafter referred to as the HBureau". WITNESSETH: The Ciiyhas enacted a tax on lodging with the City to fund a convention and visitors bureau in accordance with Minnesota Statutes, Section 469.190. The Bureau has the staff, facility, and experience to carry out the objectives of promoting tile City as a tourist and convention center. The City desires the Bureau to provide the services of a convention and visitors bureau on behalf of the City, and the Bureau desires to provide those services. NOW, THEREFORE, in consideration ofthe mutual covenants and promises contained herein, sufficiency of which is hereby acknowledged, the parties hereto agree as follows: I. Term. The term of this Agreement shall commence on the 1st day of January, 2005 and continue until terminated by mutual agreement or by one of the parties hereto in accordance with the following provisions: a. The City may terminate this Agreement on the first anniversary of the Agreement provided that the City provides written notice to the Bureau of its intent to terminate no later than December 31, 2005. The notice may be rescinded at any time prior to the first anniversary date. Thereafter, this Agreement may be terminated only bymutual agreement of the parties or in accordance with the provisions of Subsection b of this Section. b. Either party may terminate this Agreement by providing written Notice to that effect to the other party. Such termination shall be effective on December 31 of the calendar year following the year in which the notice of termination was given.