Res 2010-137 - Laserfiche WebLink

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notice, or on any date specified in the notice after the 30 day period. If this Contract is so terminated, the City will compensate the Chamber for services to the date of termination on a pro rata basis. C. Any CVB Funds allocated to the Chamber by the City which are unencumbered or unexpended at the end of the City's 2010 -11 fiscal year or other date of the termination of this Contract shall be remitted to the City within 30 days from the date thereof; provided, that the Chamber may retain one - twelfth of the CVB Funds after the date of termination of this Contract to pay for outstanding unpaid end -of -year expenses incurred during the term of this Contract in conformance with Exhibit "A ", as may be amended in accordance with this Contract. VI. CITY BRANDING Upon the City's completion of its branding project, and submission of the new brand or logo to the Chamber, the Chamber will incorporate the brand or logo into advertising programs initiated after the receipt of the new brand or logo. VII. CONSTRUCTION This Contract shall be construed in accordance with the laws of the State of Texas, and in particular Chapter 351 of the Texas Tax Code. VIII. CVB ASSETS The Chamber shall keep its equipment, supplies, vehicles and other assets separate from those purchased with CVB Funds and to be used in the performance of this Contract. The latter shall be inventoried and identified as property of the City. Inventory lists shall be provided by the Chamber to the CVB Advisory Board and the City upon request. Subsequently acquired assets of this nature shall be similarly separated from Chamber assets, inventoried and identified. EXECUTED to be effective as of October 1, 2010. 7