HomeMy WebLinkAboutContract 54006-T1 CSC No.54006-T1
TERMINATION AND RELEASE AGREEMENT
Trust Fund Event Support Contract
City Secretary Contract Number 54006
This TERMINATION AND RELEASE AGREEMENT ("Termination Agreement")
is made and entered into by and between the City of Fort Worth ("City"), a home-rule municipal
corporation, acting by and through its duly authorized representative,Fort Worth Convention and
Visitors Bureau, d/b/a Visit Fort Worth ("VFW"), a Texas non-profit corporation; and B.A.S.S.,
LLC("BASS"),an Alabama limited liability company.The City,VFW,and BASS are collectively
referred to herein as the"Parties".
The following statements are true and correct and form the basis upon which the parties
have entered into this Agreement:
WHEREAS,the City,VFW,and BASS are currently parties to a Trust Fund Event Support
Contract, pursuant to which the City has agreed to reimburse certain costs relating to the 2021
Bassmaster Classic from March 19 —March 21, 2021, the same being Fort Worth City Secretary
Contract Number 54006 ("Agreement").
WHEREAS, due to the recent events surrounding COVID-19, BASS has rescheduled its
2021 Academy Sports and Outdoors Bassmaster Classic to include new event dates of June 11 —
13,2021 ("Event");
WHEREAS,this change will require the submission of a new application to the Office of
the Texas Governor, Economic Development and Tourism to establish a new Event Trust Fund
for the Event;
WHEREAS, the Parties desire to memorialize the formal termination date of the
Agreement; and
NOW,THEREFORE,in consideration of the mutual covenants,promises and obligations
contained herein,the parties agree as follows:
1. The Parties agree that the recitals set forth above are true and correct and form the basis of
this Termination Agreement.
2. The Agreement is hereby terminated effective as of December 31, 2020.
3. BASS, VFW, and their officers, representatives, successors, and assigns, do hereby fully,
finally, completely, generally, and forever release, discharge, and relinquish the City, and its
respective officers, directors, elected officials, current and former employees, agents, attorneys,
successors, and assigns from any and all claims, actions, demands, liens, and causes of action of
whatever kind or character, at law or in equity, whether known or unknown; present or future;
liquidated or unliquidated; asserted or un-asserted;joint or several; matured or unmatured; direct,
OFFICIAL RECORD
Termination Agreement for Events Trust Fund Agreement CITY SECRETARY
FT.WORTH, TX
indirect, or derivative; or fixed or contingent that the BASS or VFW have or might claim to have
against the City related to the Agreement.
4. This Termination Agreement may be executed in multiple originals each of which shall be
deemed an original for all purposes.
5. If any action, whether real or asserted, at law or in equity, arises on the basis of any
provision of this Termination Agreement, venue for such action shall lie in state courts located in
Tarrant County,Texas or the United States District Court for the Northern District of Texas—Fort
Worth Division. This Agreement shall be construed in accordance with the laws of the State of
Texas.
6. This Termination Agreement contains the entire understanding and agreement between the
Parties as to matters contained herein. Any prior or contemporaneous oral or written agreement is
hereby declared null and void to the extent it is in conflict with the terms and conditions of this
Termination Agreement.
7. All terms in this Termination Agreement that are capitalized but not defined shall have the
meanings assigned to them in the Agreement.
IN WITNESS WHEREOF,the parties heretohave executedthis Termination Agreement in
multiples.
CITY OF FORT WORTH B.A.S.S. LLC:
0 CST)
By: By:
Jay Chapa Carol Stone
Deputy City Manager VP& General Manager
Date: Date:
APPROVED AS TO FORM VFW:
AND LEGALITY:
'�ZX4
By: By:
Tyler F. Wallach Robert Jame n
Assistant City Attorney CEO
oaq'fORI ATTEST: OF0000000, 41yt a
S d
0
P v 0, 0
Mary Kayer 00
City Secretary a E00000
�na�4 OFFICIAL RECORD
Termination Agreement for Events Trust Fund Agreement CITY SECRETARY
FT.WORTH, TX
CITY OF FORT WORTH USE ONLY
Contract Compliance Manager:
By signing I acknowledge that I am the person responsible
for the monitoring and administration of this contract, including
ensuring all performance and reporting requirements.
AV" 0,41-
A4
Brandy a er U
Program lebordinator
Contract Authorization:
City Council Resolution Number 3513-08-2007
OFFICIAL RECORD
Termination Agreement for Events Trust Fund Agreement CITY SECRETARY
FT.WORTH, TX