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• Flat fee of $20,000 plus 7% sales tax paid to County for License Duration — <br />o $10,000 Event Deposit paid in lieu of 25% Event Deposit Policy — refundable per the terms <br />of the current Fairgrounds Policy Manual: Balance due 30 days prior to event. <br />• Applicant shall also pay the County two dollars ($2.00) per ticket sold to the Event in lieu of the <br />standard alcohol permit fee. Applicant shall account for all the tickets sold ten (10) days prior to the <br />Event, and pay the aforementioned ticket fees sold up that point, at least five (5) days prior to the <br />Event. The Applicant shall make the payment for the remainder of the ticket fees within thirty (30) <br />business days of the conclusion of the Event. <br />• $5,000 Damage Deposit for any incidental damages paid 30 days prior to event. <br />• Anticipated daily attendance of 5,000 to 7,500 people per day - County reserves the right to limit <br />ticket sales based upon venue capacity. <br />• Alcohol to be served by a licensed third party vendor in accordance with Fairgrounds Policy. <br />• Applicant shall be responsible for parking logistics, traffic control, security plan, sanitation plan, <br />transportation of patrons, and medical facilities/coordination. <br />• All insurance requirements must be met 30 days prior to the event and approved by the County Risk <br />Manager. <br />RECOMMENDATION: <br />Staff respectfully requests that the Board approve the License Agreement and authorize its Chairman to sign <br />and authorise the Parks Division to issue the applicable permits. <br />ATTACHMENTS: <br />Signed License Agreement for Beach Town Music Festival - Beachtown, LLC <br />Waiver signed by Fully Involved Events Productions, LLC. <br />Executive Summary Basis Entertainment <br />DISTRIBUTION: <br />App,gved Agenda Item <br />Joseph A. Baird <br />County Administrator <br />FOR: June 14, 2016 <br />Indian River County Approved Date <br />Administration (p 4 <br />County Attomey <br />Budget C6 <br />Department 6 4. /C <br />Risk Management <br />F\Assistant County Administrator\AGENDA ITEMS\2016\BCC 06 JUNE 2016\13CC Memo - Approval of License Agreement for Beach Town <br />Music Festival.doc <br />76 <br />