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<br />~3 <br /> <br />CONTRACT BETWEEN THE CITY OF SAN MARCOS AND THE SAN MARCOS <br />CHAMBER OF COMMERCE FOR THE PROVISION OF TOURIST DEVELOPMENT <br />SERVICES <br /> <br />II WHEREAS, the City Council of the City of San Marcos has inacted <br />a Hotel Occupancy Room Tax Ordinance, and <br /> <br />WHEREAS, such ordinance authorizes the City Council to contract <br /> <br />with persons or organizations for advertising and general promotion <br /> <br />of tourist development, and <br /> <br />WHEREAS, the San Marcos Chamber of Commerce proposes to provide <br /> <br />such tourist development services for the City of San Marcos, <br /> <br />THEREFORE, BE IT RESOLVED AND AGREED, by the City Council of the <br /> <br />City of San Marcos and the San Marcos Chamber of Commerce that, <br /> <br />1. <br /> <br />The City of San Marcos will allocate funds from the <br /> <br />II <br /> <br />revenues of the Hotel Occupancy Room Tax to the San <br /> <br />Marcos Chamber of Commerce for expenditures for tourist <br /> <br />development services. <br /> <br />2. The San Marcos Chamber of Commerce shall submit a <br /> <br />periodic budget (not less than semi-annually) requesting <br /> <br />allocation of additional funds as made available from <br /> <br />the revenues Of the Hotel Occupancy Room Tax. Such <br />budget presentations shall include a report of activities <br />and expenditures from previously almocated funds. <br />3. Budgets and expenditures for tourist development services <br /> <br />shall be made with the advice and consent of a commmttee <br /> <br />of five (5) peEsons; two (2) appointed by the City Council <br />of the City of San Marcos, two (2) appointed by the San <br /> <br />I <br /> <br />Marcos Chamber of Commerce, and the fifth person selected <br /> <br />by the four appointees. The City Manager of the City of <br />San Marcos and the Manager of the San Ma~cos Chamber of <br /> <br />Commerce shall serve as ex-officio members of the committee. <br /> <br />The term of this contract shall be one year from the date of final <br />approval and acceptance of both parties. The contract may be cancel~ed <br /> <br />l <br />