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<br /> 64 <br />STATE OF TEXAS <br /> CONTRACT FOR SERVICES <br />COUNTY OF HAYS <br />KNOW ALL PERSONS BY THESE PRESENTS: <br /> That the City of San Marcos, Texas, a municipal corporation <br />existing by and under the laws of the State of Texas, acting <br />through authority conferred on its Mayor, Emmie Craddock, by <br />action approved on April 23, 1984, hereinafter "City", and <br />the San Marcos Chamber of Commerce hereinafter "Chamber" acting <br />by and through its President, Vic Isaak, enter into this agree- <br />ment pursuant to the terms and provisions of Chapter 26, Article <br />II, of the Code of Ordinances bf' the City of San Marcos, Texas. <br /> WITNESSETH <br /> I. <br /> That City has enacted by ordinance a hotel room occupancy <br />tax to be levied upon the occupancy of any room furnished by any <br />hotel within City. Pursuant to Section 26-21 of the Code of <br />Ordinances of City, "Use of Proceeds", City does hereby agree to <br />allocate funds from the revenue of said tax to Chamber. The <br />allocation of funds to Chamber is hereby agreed to be ninety <br />percent (90%) of four-sevenths (4/7) of the gross of all funds <br />collected from the hotel room occupancy tax. Furthermore, it <br />is expressly agreed that Chamber shall be entitled to operating <br />and administrative expenses incurred in fulfilling Chamber's <br />responsibilities under this Contract. Said operating and <br />administrative expenses shall not exceed fifteen percent (15%) <br />of the total allocation of such funds collected from the hotel <br />room occupancy tax and received by Chamber. <br /> II. <br /> Chamber hereby agrees to expend said fund for the activities <br />set out in Section 26-21 of the Ordinance. Those activities shall <br />include advertising for general promotional and tourist advertising <br />of the City of San Marcos and its vicinity, and conducting a <br />