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set forth herein. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Park Board and the Commission agree as follows: 1. The Commission hereby empowers and appoints the Park Board to act as the Commission's agent for the limited purpose of contracting for and managing the completion of new Projects, the scope of said activities being more specifically described in an Addendum for each Project to be attached to this Master Agency Agreement as each Project becomes known. Each Addendum attached hereto shall be incorporated herein. The Park Board shall select the contractors and sub - contractors, if any needed, and to enter into contracts for the Projects, all on behalf of the Commission. The Park Board shall manage each Project to completion and shall accept each Project on behalf of the Commission as provided herein. 2. This Master Agency Agreement shall immediately terminate upon breach by the Commission or the Park Board of this Master Agency Agreement or any other agreement between the Commission and the Park Board or upon notice at least seven (7) days in advance of the date of termination of this Master Agency Agreement. The authority and appointment herein contained is limited to the total cost for each of the Projects added by addendum hereto, as established by the award of contracts by the Park Board to complete the Projects pursuant to this Master Agency Agreement. 3. The Park Board hereby accepts the appointment as agent of the Commission as described in Paragraph 1 of this Master Agency Agreement. 4. The Park Board shall award such contracts as are necessary to complete each of the