Further Contributions. The Owner shall contribute additional funds of up to $40,000 as a one-time contribution toward commissioning, artist fees and printing of the Art for the initial three-year period of the Term. Any financial obligations beyond this period will be the responsibility of the City, with the exception of maintenance/repair of the Screen Wall, and Hanger, which will continue to be the Owner’s ongoing responsibility for the Term. Any unspent funds are to be retained by the Owner. The Owner reserves the right to request that the City take steps that the Art be removed from the Hanger should the Art be damaged or vandalized in any significant way, provided that if the City does not do so after receiving a written request of the Owner to do so, the Owner may do so acting on its own.
Appears in 2 contracts
Sources: Art Wall Agreement, Art Wall Agreement