GENERAL PROVISIONS
. Marketing and Sales
The Contractor will perform complete advertising servicing and sales functions. The
Contractor will provide continuous sales efforts utilizing its best efforts in procuring
advertising contracts so as to maximize this source of revenue to the City. The Contractor
shall provide an explanation of marketing strategies and literature to be used to promote
advertising on a quarterly basis.
. Advertising Content and Control
The Contractor must ensure that only displays of a high quality standard with regard to
art work and advertising content will be shown. The Contractor must ensure that
advertisements comply with the NTS Advertising Guidelines and Procedures as seen in
Exhibit B to this Agreement. The City reserves the right to require the Contractor to
remove, at the Contractor's own expense, any advertising which is deemed by the City as
unsightly in appearance or which does not comply with the NTS Advertising Guidelines
and Procedures. The Contractor further agrees to remove dated advertising no later than
fifteen (15) days following the final date of an advertised event or offer.
. Revenue Compensation and Payments
The Contractor agrees to pay the City as follows:
A sum equal to (65%) of the next space billings with Minimum Guaranteed Payments,
whichever is higher, will be paid as shown below:
Year 1 — 2020 $90,000
Year 2 —2021 $120,000
Year 3 — 2022 $120,000
If contract is extended:
Year 4— 2023 $126,000
Year 5 - 2024 $132,300
a. Payment:
Year One — - By the thirtieth (30th) day of the months of June, September and December, the
Contractor shall pay to the City 1/3rd of the Annual Minimum Guaranteed Payment (“MGP”’)
amount or the Revenue Share Percentage (“each or together the “Revenue Payments”),
whichever is the greater amount based on gross billings, plus any other amounts due the City.
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