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SECTION 3. PAYMENT OF THE TERMS OF THIS AGREEMENT <br />All tax monies received by the Board of Managers each <br />year shall be first applied to the payment of the terms of <br />this agreement. The $150,000 annual payment due under this <br />agreement will become effective as soon as this contract is <br />signed or January 1, 1983, whichever is later, and shall <br />remain in effect. thereafter for a period of twenty (20) years, <br />so long as.the terms of this agreement are complied with by <br />the Century Center Board designated by the City to manage and <br />control Century Center. <br />SECTION 4. DESIGNATED SPACE <br />The convention facility is defined as that portion of <br />the Century Center on all 'levels of the building except the <br />Art Center and that portion of the building which contains <br />Discovery Hall Museum. Users shall pay a rental fee(s) for <br />the convention facilities to the Century Center Board. Setup <br />for conventions shall be the responsibility of the Century <br />Center Board, which shall cooperate with the -person(s) scheduling <br />the convention and the user in furn ishing adequate setup and <br />facilities for each convention. <br />SECTION 5. EQUIPMENT <br />Responsibility for the furnishing of adequate tables, <br />chairs, and equipment for the operation'.of the convention <br />facilities shall be the joint responsibility of the Century <br />Center Board and the Board of Managers. The Board of Managers <br />may provide additional furnishings and equipment and funding <br />will be provided by supplemental capital improvement budget. <br />SECTION 6. COMMON SPACE <br />Common space can be scheduled and used for convention <br />purposes at a rental fee as determined by the Century Center <br />Board when the same is determined.to be available by the <br />Century Center Board. <br />