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An ordinance approving a host venue agreement between the Metropolitan Government of Nashville and Davidson County and Competitor Group, Inc. for the Rock ‘n’ Roll Running Series branded road running race.
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WHEREAS, Competitor Group, Inc. agrees to be responsible for operating a Rock ‘n’ Roll Running Series branded road running race in Nashville and performing certain administrative, operational, and sales and marketing functions related to the race; and,
WHEREAS, Competitor Group, Inc. has agreed to reimburse the Metropolitan Government of Nashville and Davidson County as it relates to law enforcement and fire service providers, up to Three Hundred Thousand Dollars ($300,000) per event; and,
WHEREAS, the agreement (the “Agreement”) attached to this ordinance as Exhibit 1 sets forth the rights, duties, and obligations of the Metropolitan Government and Competitor Group, Inc. with respect to the annual Rock ‘n’ Roll Running Series branded road running race; and,
WHEREAS, it is in the best interest of the citizens of Nashville and Davidson County to approve the Agreement.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the host venue agreement between the Metropolitan Government of Nashville and Davidson County and Competitor Group, Inc., attached hereto and incorporated herein, is hereby approved, and the appropriate Metropolitan Government officials are authorized to execute and deliver it.
Section 2. That amendments to the agreement may be authorized by resolution of the Metropolitan Council.
Section 3. That this ordinance shall take effect from and after its final passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.