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'. Contribution o Funds by Prince.
<br />Prune agrcx- to 4: =,ttributc Lip to S307,000 for advertising 4 ,q)eiises incurred fot° the
<br />Program. a sung that k,.-, the funds provided by the City. In tlic went that l)rime expends
<br />funds in excess of if ira&,;h either to advertise the Prince Cutlet Center, or promote retail
<br />business or tourism in the (Itv, the {`ity will not be obligated to contribute any ad.lilk, anal funds,
<br />and correspo"...?ing,ly Prince kvOUld ..., :;+:) obligation to gain pre-approval by the C ITT tor those
<br />par°ticula? ,?i„ E :;ink; ctaile;?tv?sr>.
<br />3. Contribution € f Funds by City.
<br />The City threes to contribute to the Program up to the sun of' $ 307,000-00
<br />]'he C Uy ii-, these aniounr,, tr r ?:n bursc; Prince for the City's share. which is St}`>0 of
<br />the atnt)unt of the d,, crtising costs incurrcdl i.).. Prime fi.)r the I'toi?r rn. The City will m4c 011?";e
<br />? nts within 4) clays frorn receipt of' :m. invoice subrnit;c:'l .? h copies of the plat , d
<br />, d%,, t!:, ng. The city tiN ill hold the balancc of r r:f 1 in.'s in <a liability account of the City, for
<br />the purpose of t-aalcing payments to Prime undk r until 15ccember 31, 2010, when
<br />any unspent f nd-? will revert to the City's hotel occupancti <<,x fund balance. fit no event will the
<br />total ofcontribw ifs€,t! by the City under this Agreement exceed a total of` 307,000.00.
<br />4, Advertising Placement; Program Costs; Payments.
<br />A. 6'r°i,E t lI pay ftrr all advertising placed uncler this Agreement, and ['rime will
<br />provide the City with proof' of the advertising and detailed copies cif invoices associated with tlae
<br />advertising.
<br />B. The City shall have tl; right to rez ic?? I ?I-Drove expenses in v _v mc, related to the
<br />Program to include, but not ! r s,r:,d to, plac, ju !i 1,:c;. a, cncy fees, design an,t ,,rodw. tion fees,
<br />in order to E ir: rtre the hest p€}.,..'` ( idtt w can h oh air, l lc,r the l'r€ orarn. The C'il : diall have 48
<br />hours t€ r w -p ,nd. ?i ftcr notifica. ecru by Prince; oth `wise, its consent is dcci i wd approved.
<br />Objections to 1'=1',`C must be matte in writ.ine. in advance of placensent. No pw,i % at any time
<br />shall unreasonably. ithhold its approval.
<br />C" The Cite`s contributions to the Program made pursuant to the ;'agreement shall not be
<br />used to reaimburse. Prince for . rt=ice provided by any of its officers, agents or employees for any
<br />services it provides in cotarW41k )n with `:lie; advertising expense.`, incurred under this Agreement.
<br />When placing; needed buys. all disw< ar. , rebates, or acldcd t akit Shall be re-invested into the
<br />Program.
<br />5, Repor s.
<br />A. Prince shall provide the City with reports related to the Program cant tinirq_ the
<br />tollo?rTf., information. within 4? day5 iftcr,,ompletion of cacti advertising campaign paid for in
<br />whole yr in pail with funds under this Aorceanent.
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