Res 2024-152 approving a one-year extension of the city’s contract with the Greater San Marcos Partnership (“GSMP”) in the amount of

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days of receipt of invoicing. Payments by the City, however, are subject to the terms set forth in Section 4(B) and Section 4(C)hereof. B. Board Appointments. The City shall appoint six (6) members to the Partnership Board. These appointees shall include the City Manager, the Mayor, the Economic Development San Marcos Chair, San Marcos Regional Airport representative and at least two elected officials. At least one elected City representative shall serve on the Nominating Committee. Per the Partnership bylaws, the Nominating Committee meets not less than three times per year and includes the Chair, Vice Chair, one Board member, two Lead members not on the Board and one General member not on the Board. SECTION 3. TERM A. The term of this Agreement shall be from October 1,2024 through September 30, 2025. B. Pursuant to the City's rights and obligations under this Agreement, both parties agree and acknowledge that a review of the terms and conditions contained in this Agreement shall be conducted annually in March, in order to assure alignment with the City's visioning process. SECTION 4. MISCELLANEOUS A. Notices. Notices required by this Agreement will be provided by the parties to one another by certified mail,return receipt requested,or by confirmed facsimile or email transmission, to the following addresses: To the City: City Manager City of San Marcos 630 E.Hopkins San Marcos, TX 78666 Fax: 512/396-4656 Email: srevas&sanmarcostx.gov To the Partnership: President& CEO Greater San Marcos Partnership 113 N Guadalupe St. San Marcos, TX 78666 Phone: 512/393-3400 Email: mikek(a,greatersanmarcostx.com If a party changes its address,facsimile number or email address for notice purposes,it will provide written notice of the new information to the other party within 10 days of the change. Page 8 of 12