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designated "Concession Stand Location " on the map attached <br />hereto, identified as "Exhibit 1" and incorporated herein by -this <br />reference as though fully set forth, but only for the purposes and <br />upon and subject to the conditions set .forth hereinafter. <br />2. The term of this license shall be for the period <br />commencing upon execution of this Agreement and ending December <br />31, 1.988, or when this Agreement is terminated as hereinafter <br />provided, whichever occurs first. <br />8. City agrees to expend a sum not to exceed Eighty <br />Thousand Dollars ($80,000.00) in performing or causing to be <br />performed the fallowing: <br />A. Preparation of construction plans and <br />specifications for a concession stand, hereinafter referred to as <br />said concession stand". <br />B. Letting a contract for the construction of said <br />concession stand in conformity with the aforesaid plans and <br />specifications to -the state of completion of an unfinished, free- <br />standing building. <br />C. Provision of initial sewer, water and other utility <br />hook-ups to said concession stand. <br />q. Upon completion of construction specified in <br />paragraph 3, Licensee shall commence: all finishing work to be done <br />to the said concession stand, including, but not limited to, <br />installation of bathroom equipment, floor coverings, counters and <br />counter tops, sink, appliances, electrical outlets and fixtures, <br />2 <br />