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AGREEMENT BETWEEN THE CITY OF SAN LEANDRO AND THE <br />SAN LEANDRO IMPROVEMENT ASSOCIATION <br />FOR MANAGEMENT AND OPERATION OF THE SAN LEANDRO <br />CHERRY FESTIVAL <br /> <br /> <br />THIS AGREEMENT is made and entered into by and between the CITY OF <br />SAN LEANDRO, a municipal corporation of the State of California, herein called <br />"City," and SAN LEANDRO IMPROVEMENT ASSOCIATION, a non-profit public <br />benefit corporation, herein called "SLIA" (collectively, th e "Parties"). <br /> <br />Recitals <br /> <br />WHEREAS, on or about June 1 of each year, City plans, produces, and manages <br />the San Leandro Cherry Festival (the “Festival”); and <br /> <br />WHEREAS, City desires to enter into a multi-year agreement with SLIA to assist <br />the City with planning, production, management, and operation of the Festival; and <br /> <br />WHEREAS, the purpose of this Agreement is to define the scope of work and <br />responsibilities of the Parties to plan, manage and implement the Festival. <br /> <br />NOW, THEREFORE, for good and valuable consideration described herein, the receipt <br />of which is hereby acknowledged, the City and SLIA agree as follows: <br /> <br />GENERAL. <br /> <br />Term: This agreement shall be effective December 1, 2023, to June 30, 2025. The <br />agreement shall allow for three additional 1-year term extensions upon mutual agreement <br />by both parties only in the event that the extension agreement is executed by August 1 of <br />each year. <br /> <br />The extension agreement will result in an amendment if there are any changes to the <br />General Responsibilities of either party or the compensation. <br /> <br />During the term of this Agreement, the Parties agree that SLIA shall bear the primary <br />duties and responsibilities for the planning, management, and operation of the Festival, as <br />provided in section 2 below. <br /> <br />During the term of this Agreement, City agrees to fund the production of the Festival and <br />pay compensation to SLIA for the planning, management, and operation of the Festival <br />for a not to exceed amount of compensation inclusive of all fees, costs, and <br />expenses, of $55,000 (Fifty five thousand dollars). <br /> <br />a. In the second year of the agreement, the compensation shall be increased by <br />5%.