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<br />22. <br /> <br />CONTRACT FOR TOURISM PROMOTIONAL SERVICES <br /> <br />The City of San Marcos, Texas, a Texas municipal corporation (the "City"), acting through <br />its City Manager, Larry D. Gilley, and the San Marcos Hispanic Chamber of Commerce (the <br />"Chamber"), acting through its Executive Director, Yolanda Quintanilla, enter into this Contract <br />under Chapter 351, Texas Tax Code. <br />1. ALLOCATION OF REVENUE <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 funds from the revenue of this tax to the Chamber under <br />Texas Tax Code S351.101(c). The total allocation of funds to the Chamber is agreed to be the sum <br />of$66,545.00. Of this amount, the City will pay $33,272.50 to the Chamber on October 5, 2001, <br />and will pay the other $33,272.50 to the Chamber on May 3,2002. <br />B. The Chamber shall be entitled to administrative expenses incurred directly in fulfilling <br />its responsibilities under this Contract. These administrative expenses shall be used only when costs <br />are incurred directly in the Chamber's tourism promotion activities. <br />C. The Chamber shall maintain funds provided by the City under this Contract ("Tourism <br />Funds") in a separate account established for that purpose, and the Chamber may not commingle that <br />revenue with any other money or maintain it in any other account. <br />D. The Chamber shall maintain complete and accurate financial records of each expenditure <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 />2. USE OF FUNDS <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 />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 />mission through the following activities: <br />1. Coordination and support of special cultural events that target the Hispanic market. <br /> <br />2. Provide the Hispanic market access to information on all community events. <br /> <br />C:\TEMP\Hisp Chamber CVB-Ldoe <br /> <br />1 <br />