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CM-2016-1097 - 4/29/2016LETTER OF AGREEMENT The purpose of this agreement is to set forth the terms and conditions of the arrangement between Round Rock Sports Center (hereinafter "SPONSOR") and the ROUND ROCK BASEBALL CLUB LP dba ROUND ROCK EXPRESS (hereinafter "CLUB"). In exchange for the below stated compensation, during the lifetime of this agreement the CLUB shall provide SPONSOR the following considerations: SPONSORSHIP ELEMENTS Signage The CLUB will provide SPONSOR with an exterior concourse banner. Dimensions are 4'x6' and artwork is due a.s.a.p. The CLUB will provide SPONSOR with a Right Field LED board sign. The CLUB will provide SPONSOR with 4 Season Tickets, The CLUB will provide SPONSOR with 2 GA tickets for each RRSC summer camp registrant. In exchange for the above, SPONSOR shall provide CLUB the following considerations: Lower Level Banner (32" x 20') Digital Ad(s) as desired Usage of facility for a mutually agreed upon date for meetings and a team building exercise SPONSOR will provide CLUB with usage of their facility for a mutually agreed upon date for meetings and a team building exercise. TERMS AND CONDITIONS The term of this agreement will commence upon the proper execution of this signed Letter of Agreement and shall conclude on December 31, 2016. The term will include the CLUB's 2016 baseball season. SPONSOR will have first right of refusal on all inventory items included in this agreement until the conclusion of this agreement. "THIS IS A STRAIGHT TRADE AGREEMENT" If the CLUB fails to make available the services to be provided to SPONSOR in this agreement, SPONSOR shall be entitled to a refund of advertising costs on a pro rata basis. Such fraction shall be multiplied by the payment required to be made by SPONSOR herein and the sum resulting therefore shall be the sole remedy available to SPONSOR. The CLUB reserves the right to refuse to provide any services which it shall determine to be offensive, inappropriate, immoral, or for any reason. It is mutually understood that no agreement or promise has been made in reference to this agreement that is not stated herein or attached hereto and that there is no verbal understanding of any kind that can in any way affect the terms of this contract. In consideration of the acceptance of this advertising order, recognizing advance expenditures, and because of the necessity of reserving space for the entirety of the baseball season, I hereby agree that no part of this contract can be countermanded or cancelled. With the authority to approve such matters, we, the below signed, agree to the terms and conditions set forth in the preceding Letter of Agreement by and between aforementioned parties. FOR SPONSOR: City of Round Rock Laurie Hadley, City Manager 221 E. Main Street Round Rock, TX 78664 Date: FOR CLUB: Round Rock Express Baseball Club Chris Almendarez, President 3400 E/ al Valley Blvd Ro rfd , TX 78 Date: /lam% ?2 /1 City of Round Rock ROUND ROCK TEXAS Agenda Item Summary Agenda Number: Title: Consider authorizing a letter of Agreement with The Round Rock Baseball Club LP dba Round Rock Express for advertising at various City facilities. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 4/29/2016 Dept Director: Chad McDowell, General Services Director Cost: Indexes: Attachments: Agreement, LAF Department: General Services Department Text of Legislative File CM -2016-1097 Consider authorizing a letter of Agreement with The Round Rock Baseball Club LP dba Round Rock Express for advertising at various City facilities. Advertising agreement to benefit both parties with no expenses for either. Agreement will allow Round Rock Express to advertise (banner and digital ad) at the Round Rock Sports Center at no charge. In return, Round Rock Sports Center will advertise (banner and digital ad) at all Round Rock Express Home games at no charge. Staff Recommends Approval City of Round Rock Page 1 Printed on 4/28/2016