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collector1r, _ or franchise with free r privileges In <br /> said arca pursuant to .ales and regulation:: adopted by CITY, &lid <br /> each party shall retain any revenue derived by reason of said <br /> franchise which shall inure solely- to the party issuing such <br /> franchise. <br /> 11. CITY shall not make any expenditures for land, improvements, <br /> or fixed assets in which the COUNTY is to pay one-half and own <br /> one-half without prior consent of COUNTY. <br /> 12. CITY promises to maintain workments compensation insurance, <br /> bodily injury liability insurance in an amount not less than <br /> $100,000 for injurieb to any one person and in an amount not less <br /> than $300,000 on account of one accident and property damage liability <br /> insui,ance in an amount not less than $20,000 during the lifetime of <br /> this contract. <br /> 13. This agreement shall take effect imnrsediatley and shall be <br /> in full. force to June 30, 1967, inclusive. <br /> i 1� . That certain agreement by and between the parties hereto <br /> dated May 11, 1959, shall be cancelled. <br /> i <br /> I <br /> 15. This agreement shall remain in effect for the fiscal year <br /> f <br /> from July 1, 1966, to June 30, 1967, and dml.l continue in effect <br /> for each succeeding fiscal year unless written notice of. termination <br /> is made by either party to the other at least ninety (90) days prior <br /> to the commencement of a new fiscal year. <br /> 16. . It is intended by this agreement to provide that .each party <br /> shall pay one-half the annual costs for maintenance and operation of <br /> the AREA. <br /> --3- <br />