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ii. 2020 - $77,500 <br /> iii. 2021 - $77,500 <br /> 3. Amounts payable by the City shall be paid to CPY on or before February 1, <br /> of each year to cover the City's share for that year. <br /> 4. Contracts fees are subject to change, based on the financial conditions of the <br /> City and the City Council's direction. <br /> E. Board of Directors. This agreement is contingent upon the City having a designated <br /> seat on the Board of Directors. The Board of Directors shall include 1 Board <br /> Member from the City of New Brighton which shall be appointed by the City <br /> Council annually. The CPY Board of Directors shall review and approve the <br /> appointment. <br /> F. Further Obligations of CPY. In addition to the obligations set forth elsewhere in this <br /> Agreement, this Agreement is further contingent upon CPY doing the following: <br /> 1. The Bylaws of CPY shall be amended to add provisions prohibiting CPY <br /> from supporting or opposing an individual candidate for election to the <br /> public office in the City and adding the requirements that IRS: 501.C3 status <br /> to be maintained. <br /> 2. On or before November 30, of any year CPY shall submit a written report to <br /> the City including an Annual Report, the previous year's tax return, and a <br /> program specific summary of services provided to the municipality. <br /> 3. Periodically advising the City of services available through CPY to the City's <br /> residents: <br /> 4. Establishing a sliding scale for youth enrichment services available through <br /> CPY to the City's residents and periodically advising the City of such fees; <br /> 5. Providing other reasonable information requested by the City; <br /> 6. Purchasing a policy of liability insurance in the amount of at least <br /> $1,000,000.00, naming the City as an additional insured and providing a <br /> copy of the insurance certificate evidencing such policy to the City,annually; <br /> 7. Provide the City with a copy of its Articles of Incorporation,Bylaws, <br /> Amendments thereto, and the IRS tax exempt status letter; <br /> 8. CPY shall defend and indemnify the City from any and all claims or causes <br /> of actions brought against the City of any matter arising out of this <br /> Agreement or the services provided pursuant to this Agreement;and <br />