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ARTWORK LOAN AND DISPLAY AGREEMENT This agreement for the loan and display of artwork ("Agreement") is made and entered into this 6th day of December, 2022 (Effective Date), by and between the City of Redlands, a municipal corporation ("City"), and John and Nicholas Meyer, individuals ("Artists"). City and Artists are sometimes individually referred to herein as a "Party" and, together, as the "Parties." RECITALS WHEREAS, in support of the City's Art in Public Places program, City's Cultural Arts Commission ("Commission") has considered the submission of various artworks for the purpose of display within the City; and WHEREAS, the Commission has selected an artwork created by Artists, titled Emergence" (the "Artwork"), as depicted in Exhibit "A" attached hereto; and WHEREAS, the Commission has recommended to the City Council of the City of Redlands that the Artwork be displayed within City's Sylvan Park at a precise site to be deteiiiiined by City (the "Site"); and WHEREAS, it is the desire of City and Artists to set forth their respective obligations, and the terms and conditions, for City's display of the Artwork within the City; NOW, THEREFORE, in consideration of the mutual covenants hereinafter contained, itis mutually agreed by the Parties as follows: AGREEMENT Section 1. Compensation. 1.1 Artists hereby permits City to display the Artwork for a period of twenty-four (24) consecutive months (the "Display Period"), commencing on December 1, 2022. The Display Period shall end on December 1, 2024, unless earlier terminated as provided for herein. A. In consideration of Artist's loan and permission for City to display the Artwork, City shall pay Artists the sum of two thousand dollars ($2,000) (the "Payment"). The Payment shall be payable in two installments. The first installment of one thousand six hundred dollars ($1,600) shall be payable upon City's installation of the Artwork. The second installment of four hundred dollars ($400) shall be payable upon City's removal of the Artwork. B. City's obligation to make the full Payment to Artists is expressly conditioned upon Artist's timely removal of the Artwork from the Site, to the satisfaction of City. Notwithstanding the foregoing, Artists shall not be entitled to any portion of the Payment in the event this Agreement is terminated, for any reason, prior to City's installation of the Artwork. I \cmo\Agreements\John and Nicholas Meyer Artwork Loan and Display Agr`ement-FY22-00S3.cdocx-jm.