Laserfiche WebLink
<br />177. <br /> <br />CONTRACT FOR TOURISM PROMOTIONAL SERVICES <br /> <br />The City of San Marcos, Texas, a Texas municipal corporation (the "City") and the San <br />Marcos Hispanic Chamber of Commerce (the "Chamber"), enter into this Contract under Chapter <br />351, Texas Tax Code. <br /> <br />1. ALLOCATION OF REVENUE <br /> <br />A. The City has enacted a hotel occupancy tax on rooms furnished by hotels and motels <br />within the City. The City agrees to allocate fimds from the revenue of this tax to the Chamber under <br />Texas Tax Code §351.1O1(c). The allocation of these funds to the Chamber (the "Tourism Funds") <br /> <br />is agreed to be 7% of the gross amount of all funds collected by the City fTOm the hotel occupancy <br /> <br />tax. <br /> <br />B. The Chamber shall be entitled to administrative expenses incurred directly in fulfilling <br />its responsibilities under this Contract. These administrative expenses shall not exceed 55% of the <br /> <br />Tourism Funds received by the Chamber from the City, and shall be used only when costs are <br />incurred directly in the Chamber's tourism promotion activities. <br /> <br />C. The Chamber shall maintain funds provided by the City under tillS Contract in a separate <br />account established for that purpose, and the Chamber may not commingle that revenue with any <br /> <br />other money or maintain it in any other account. <br />D. The Chamber shall maintain complete and accurate financial records of each expenditure <br /> <br />of Tourism Funds and, at the request of the City Manager or his designee, or of any other person, <br />shall make the records available for inspection and review during normal business hours. <br /> <br />2. USE OF FUNDS <br /> <br />A. The Chamber shall use the Tourism Funds for the promotion of Hispanic tourism and <br />cultural events in San Marcos. The Chamber will ensure that the mission of the Hispanic Chamber <br /> <br />under this contract is to serve as a connection to local, national, and international Hispanic markets <br />to promote the City of San Marcos as a prime tourist destination. The Chamber will accomplish this <br /> <br />mission through the following activities: <br />1. Coordination and support of special cultural events that target the Hispanic market. <br /> <br />2. <br /> <br />Provide the Hispanic market access to information on all commrullty events. <br /> <br />" <br />-'. <br /> <br />Maintain a full-time staff to assist in coordination of activities with the San Marcos <br /> <br />1 <br />