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cONTRAcr No. L/ r 4 lot -ii 1
PUBLIC EVENTS DEPARTMENT/ WILL ROGERS MEMORIAL CENTER
3401 WEST LANCASTER AVE~µE, FORT WORTH, TEXAS 76107
' '
FIRST AMENDMENT TO CITY .SECRETARY CONTRACT NO. 41468
A LICENSE AGREEMENT WITH EQUINE MARKETING GROUP, INC. OBA REICHERT CELEBRATION
This AMENDMENT TO CITY SECRETARY CONTRACT NO. 41468 ("Amendment") is made and
entered into by and between the City of Fort Worth ("City "), a home-rule municipal corporation, acting
herein through its duly authorized Assistant City Manager, and EQUINE MARKETING GROUP, INC . OBA
REICHERT CELEBRATION ("Licensee "), acting here.i n by and ·thrbugh its President.
WHEREAS, on February 10, 2011 , City and Licensee entered into City Secretary Contract No .
41468 (the "Contract") for the purpose holding the Reichert Celebration (the "Event") at certain facilities in
the Will Rogers Memorial Complex ;
WHEREAS, it is the mutual desire of City and Licensee to amend the Contract to (1) add the new
Equestrian Multi-purpose Building to the list of Facilities for the Year 2012 Event and all future show years
included in the Contract, and (2) provide for the rental rate schedule for the exercise arenas in the
Equestrian Multi-purpose Building .
NOW, THEREFORE, KNOW ALL PERSONS BY THESE PRESENTS
That City and Licensee for and in good and valuable consideration of the mutual conventants and
agreements contained herein , do mutually covenant and agree that the Contract is hereby amended as
follows :
1.
Addendum A, FACILITIES , B. YEAR 2012 THROUGH 2015 is hereby amended to add the Equestrian
Multi-Purpose Building , which includes exercise arenas and all stalls only, to the list of Facilities available
to Licensee at the Will Rogers Memorial Center for the Event for the remainder of the Contract.
2 .
Addendum A , RENTAL RATE SCHEDULE, 1. YEARS 2011 through 2015 is hereby amended to add new
Subsection 1.t., which sets forth the rental rate schedule for the for the exercise arenas in the new
Equestrian Multi-purpose Building .
Subsection 1.t. of Addendum A , RENTAL RATE SCHEDULE, shall read as follows :
.---------1"•~-Eir-questrian Multi-Purpose Building Exercise Arenas (Two 100' x 200')
OFFICIAL RECORD • $500 -per arena, per day
CITY SECRETARY
FT. WORTH, TX
• $1,000 -per arena, per day (if fewer than 800 city-owned stalls are rented)"
3 .
All terms in this Amendment that are capitalized but not defined shall have the meanings assigned
to them in this Amendment.
4.
All terms and conditions of the Contract that are not expressly amended pursuant to this
Amendment shall remain in full force and effect.
First Amendment to CSC 41468 Page 1 of2
5 .
EQUINE MARKETING GROUP , INC., OBA
REICHERT CELEBRATION ~Ja~
By/Jlfh=
First Amendment to CSC 41468
I NO M&C REQUIRED I
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Page 2 of2
TERM SHEET REGARDING USE OF
EVENTS FUNDS FROM THE STATE OF TEXAS
UNDER TEX. REV. CIV. STAT. ART. 5190.14 § SA
1. Parties to and Term of the Ae;reement.
This term sheet shall serve as the basis for development of a Trust Fund Event Support Contract
("Agreement") between the City of Fort Worth ("City") and the National Cutting Horse
Association ("NCHA"). The Agreement shall be effective as of the date that it has been executed
by a duly authorized representative of both the City and the NCHA and shall expire on September
1, 2013 (the "Tenn"). The Agreement, once executed by both parties and approved by the City ,
shall be a legally binding obligation of the parties . This term sheet, however, does not legally
obligate either party to execute the Agreement.
2. Application and Fundine; of Event Trust Fund.
In return for the NCHA hosting of an Event, as defined in Section 3 hereof, the City will apply to
the Comptroller of the State of Texas (the "Comptroller") for the creation of a Major Events Trust
Fund (an "METF") for the Event under the provision of Texas Revised Civil Statutes, Article
5190.14 § 5A (the "Act"). In accordance with the Agreement, the City will contribute an amount
equivalent to the incremental tax increase that the Comptroller determines the City will receive on
the account of the Event for partial funding of the METF , which funding is intended to trigger the
State of Texas contribution to the METF(s) under the terms of the Act.
3. Scope of Agreement.
NCHA will use commercially reasonable efforts to host the NCHA Triple Crown (the "Event"),
which is comprised of the three shows listed below, at the Will Rogers Memorial Center located
at 3401 W . Lancaster Avenue, Fort Worth, Texas 76017 , during the Term of the Agreement.
NCHA will pay the City an amount equal to any City contribution to the METF .
• World Championship Futurity,
• Super Stakes and Super Stakes Classic, and
• Summer Cutting Spectacular
4. Distribution of Funds.
Funds from the METF will be distributed in the following manner: (i) to the City for
reimbursement of the City 's expenses related to the Event, as permitted by the Act ; and (ii) to
NCHA for reimbursement of NCHA's expenses related to the Event unless NCHA has any
outstanding obligations owed to the City pursuant to any contract with the City .
5. Economic Impact Studies.
NCHA will, at NCHA's sole cost and expense, commission any Economic Impact Studies for
submission to the Comptroller pursuant to and in accordance with the Act.
6. Repeal or Modification of the Act.
06 -1 3 -'12 p o 3 :29 IN
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
~ . .
The provisions of this term sheet are based on the tenns and conditions of the Act currently in
effect . Should the Act be repealed or modified in such a manner that the Event no longer qualifies
for distribution of the METF proceeds in the manner contemplated herein, this term sheet shall
become voidable by either party upon receipt of written notice by the other party. If the Act is
modified during the Tenn of the Agreement and such modification materially affects the financial
benefits of either party under the Agreement, the City and NCHA shall negotiate in good faith an
amendment to the Agreement so that the original intent of the parties is preserved to the greatest
degree possible.
7. Counterparts and Electronic Signatures
This term sheet may be executed in several counterparts, each of which will be deemed
an original , but all of which together will constitute one and the same instrument.
SIGNED on the JL_ day of J \A JI Y--, 20~
CITY OF FORT WORTH
B ~~ S san Alanis
=:ty Manager
11
NATIONAL CUTTING HORSE
ASSOCIATION
Alan Steen
Executive Director
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Mills, Stephanie
From: Reeves, David
Sent:
To:
Tuesday , June 19 , 2012 8:27 AM
Mills , Stephanie
Subject: RE : Contract Question
Hi Stephanie,
You can keep it with the amendment. Thank you for checking!
David Reeves
Sales Manager
Will Rogers Memorial Center
3401 W Lancaster Ave, Fort Worth, TX 76107
81 7.392.8160 direct* 817.372.9733 cell* 817.392.2755 fax
d avid .reeves@fortworthtexas .gov
From: Mills, Stephanie
Sent: Tuesday, June 19, 2012 8:11 AM
To: Reeves, David
Subject: Contract Question
Good morning,
Regarding the First Amendment to CSC 41468, A License Agreement with Equine Marketing Group, Inc . DBA Reichert
Celebration, with this contract, it had a Term Sheet Regarding Use of Event Funds from the State of Texas. Does this just
stay with the amendment or does it need a separate contract number?
THANl(S,
ADMINIS11MTIVE TECHNICIAN/CONTRACTS
CITY SECRETARY'S OFFICE
3RD FLOOR CITY HAl.L
(817 )392-6090
STEPHANIE.MILLS @ FORTWORTHTEXAS.GOV_
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