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<br /> <br />-3- <br /> <br />agrees that no less than Seven Thousand Dollars ($7,000) or <br />one half (2) of one per cent (lo)(: of the annual hotel room <br />occupancy tax, whichever amount is greater, must be allocated <br />to those uses set out in Section 26-21(a), (26-21(f), and 26-21 <br />(g) of the ordinance. <br />VI. <br />The term of this contract shall be three (3) years from the <br />date of execution by both parties. It is expressly agreed that <br />either party may cancel this agreement by tendering written notice <br />to the other. Upon expiration of thirty (30) days from the date <br />of said written notice, this agreement shall become null and void. <br />Any funds allocated to Chamber by City which are unencumbered or un- <br />expended on the date of said written notice shall be remitted to <br />City on or before the expiration of the thirty (30) day period. <br />WITNESS OUR HANDS this 30th day of December , 19 81 . <br />1 <br />THE CITY OF SAN MARCOS <br />U ? c, <br />BY: <br />Attest: Emmie Craddock <br />Mayor <br />Janis K. Womack <br />City Secretary <br />-? i <br />47Ferguson , President <br />San Marcos, Chamber of Commerce <br />L7