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<br />20. <br /> <br />ECONOMIC DEVELOPMENT AGREEMENT <br /> <br />RECIT ALS: <br /> <br />1. The City of San Marcos desires to enter into a contract with the San Marcos Hispanic <br />Chamber of Commerce for fiscal year 2001-2002 for professional services to promote orderly and <br />responsible economic development for the San Marcos geographic area. <br />2. This agreement is made by and between the City of San Marcos, Texas (the "City"), and <br />the San Marcos Hispanic Chamber of Commerce (the "Chamber"). <br />AGREEMENT: <br /> <br />1. OBLIGATIONS OF THE CHAMBER <br /> <br />A. The Chamber will conduct and administer an economic development program which <br />has as its mission serving as a connection to local, national and international Hispanic markets to <br />stimulate economic development in the City of San Marcos. The Chamber shall accomplish this <br />mission through the following activities: <br />l. Coordinate support services for established businesses, such as counseling, <br />seminars and assistance. <br /> <br />2. Assist in marketing the City of San Marcos in local, national and international <br />Hispanic markets. <br /> <br />3. Maintain a full-time staff to assist in the coordination of economic <br />development activities of the San Marcos Area Chamber of Commerce and <br />the Greater San Marcos Economic Development Council and to assist in <br />working prospects. <br /> <br />4. Utilize the Texas Business Center and the Internet to provide lead <br />opportunities on employment and contracting. <br /> <br />B. The Chamber shall provide necessary skilled and knowledgeable personnel, <br />equipment and supplies for the administration and operation of its economic development program, <br />in accordance with the budget approved by the City. <br />C. The Chamber shall provide office facilities and utilities at the San Marcos Hispanic <br />Chamber of Commerce office sufficient to carry out its economic development program, in <br />accordance with the budget approved by the City. <br />D. The Chamber shall authorize and make expenditures of funds under this Agreement <br /> <br />C:ITEMPIHisp Chamber EDC-l.doc <br /> <br />1 <br />