FY2017 Assignment & Assumption._
ASSIGNMENT AND ASSUMPTION OF DESTINATION EVENT FUNDING AGREEMENT
AND CONSENT TO ASSIGNMENT BY MONROE COUNTY BOARD OF COUNTY COMMISSIONERS
THIS ASSIGNMENT AND ASSUMPT II AGEEMENT AN CONSENT TO ASSIGNMENT
1
( "Agreement ") is made to be effective this _5. day of 601 2017, by and between Monroe
County, Florida ( "County ")and Ultimate Racing, LLC, ( "Event 0 Contractor' or "Assignor"), and
MultiRace, LLC, ( "Assignee ") and
WHEREAS, an agreement was entered into on October 19, 2016, attached hereto, between
County and Ultimate Racing, LLC. (Event Contractor) to use Tourist Development funding for the
promotion of the Southernmost Marathon &Half /Key West Running Festival on October 2017 (the
"Event "); and
WHEREAS, the Event Contractor /Assignor was not able to continue to sponsor the Event; and
WHEREAS, the Assignee is qualified and had agreed to sponsor and produce the Event; and
NOW THEREFORE, the above parties agree as follows:
1. Event Contractor /Assignor hereby assigns, transfers and sets over to Assignee all of its rights,
title and interest in, to and under the Southernmost Marathon & Half /Key West Running Festival
contract, subject to the terms, covenants, agreements, representations and covenants set forth
therein.
2. Assignee shall and does assume all obligations and responsibilities of Event Contractor /Assignor
under the Destination Event Contract.
3. County approves and consents to the assignment of the Destination Event Contract from
Assignor to Assignee, the new Event Contractor.
4. Paragraph 1 of the contract shall read:
5. The County agrees to pay up to $25,000 (Twenty Five Thousand Dollars — Monroe County
Tourist Development Council TDC District I Funding Allocation) for Southernmost Marathon &
Half /Key West Running Festival from tourist development tax funds (see Exhibit "C" of
original agreement). Of this amount, no more than 10% or $2,500 of the total allocated funds
shall be expended on advertising media costs attributable to in- County placement. The general
non - allocated section of an event budget shall not exceed 15% of the total budget and may
be utilized for unforeseen permissible expenditures and for those budget lines that may
require additional funds. No amendments shall be made to Exhibit "C" after approval of
contract. A list of Acceptable Event Marketing Expenses is attached to the agreement as
Exhibit "A" in original agreement.
6. All other provisions of the Destination Event Contract dated October 19, 2016 not inconsistent
herewith, remain in full force and effect.
Assignment of Agreement for FY 2017 Southernmost Marathon & Half/Key West Running Festival
ID #: 1800
IN WITNESS WHEREOF, the parties have set their hands and seal on the day and year first above
written.
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MuINRace, LLC
(Asaignee)
Mir It Patnka, CEO
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Print Name
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130ARD OF COUNTY COMMISSION
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OF NROE COUNTY, FLORIDA -
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MayodCha Eperson
MONROE COUNTY ATTORNE�
-APPROVED-AS TO FORM:
ASSIST T COUNTY ATTORNEY
Data t.��
Assignment of Agreement for FY 2017 Southernmost Marathon dt HaWKey West Running Festival
ID g: 1800
Deputy Clerk