10/15/2003
ADDENDUM TO AGREEMENT
This ADDENDUM to AGREEMENT, dated the~ay of (!YeT: 2003, is entered
into by and between the BOARD OF COUNTY COMMISSIONERS FOR MONROE
COUNTY, hereinafter "County," on behalf of the TOURIST DEVELOPMENT COUNCIL,
hereinafter "TDC" and Key West Investment Syndicate, Inc., hereinafter "Key West
Investment Syndicate, Inc.".
WITNESSETH
WHEREAS, there was an Agreement entered into on December 18, 2002,
between the parties, to provide an APBA Offshore Worlds Power Boat Race on
November 17-23, 2003, from tourist development tax funds; and
WHEREAS, the entity licensed to issue APBA sanctions for races has
announced that it will not sanction the Key West race in November, 2003; and
WHEREAS, it has been determined that the race continues to have value to
tourism notwithstanding the absence of APBA sanctioning; and
WHEREAS, it is deemed in the best interest of promoting tourism in the Key
West area to amend the agreement to reflect the changed conditions and
understandings of the parties;
NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree to hereby amend the agreement entered into on December 18, 2002
as follows:
1. Paragraph 1 shall read "The BOCC agrees to pay $85,000 (Eighty-Five
Thousand Dollars) for the Offshore Worlds Power Boat Races on November 17 - 23,
2003, from tourist development tax funds provided Event sponsor meets all of its
obligations under this agreement."
2. Paragraph 2. Scope of Services shall read as follows: Key West Investment
Syndicate, Inc. agrees to provide the County with an event as specified in the Scope of
Services;
a) Week of scheduled Power Boat Activities;
b) Activities to include Power Boat Racing with a total of at least fourty
(40) boats in all classes for a minimum of two (2) days in the Key
West Harbor; Racing for at least three classes, at least one of
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which shall be in the "Super Cat" or "Super Vee" categories; Racers
Parties; testing Race Village; and awards ceremony; and
c) Aired National Television Program and pre-event advertising.
b=~,The remaining provisions of the contract dated December 18, 2002 shall remain
f~~,and effect.
j;/'::j< .\~~t{'{;...);
Ati~sf: .DANNY L. KOLHAGE, Clerk
G~
eputy Clerk
Board of County Commissioners of
Monroe County
~)}u >n ~eeV
Mayor/Chairman
(CORPORATE SEAL)
Attest:
Witness
Key West Investment Syndicate, Inc.
4-A~
Presldent
M0f\lROE COUNTY ATTORNEY
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