Res 2000-162 - Laserfiche WebLink

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provide the City with proof of the advertising and copies of invoices for the advertising. Funds expended by Tanger may include placement fees, design fees, agency commissions or other fees traditionally charged by third parties to Tanger. Tanger will not pay itself or any of its officers or employees for any services it provides in connection with the advertising expenses incurred under this agreement. Subject to the maximum City contribution of $100,000, the City will reimburse Tanger 50% of all advertising costs incurred by Tanger under this agreement within 30 days from receipt of invoice copies and advertising proofs. 5. Tanger shall provide City with a quarterly report containing the following: A. An analysis of funds expended under this agreement; B. Traffic, sales, sales tax and zip code analysis for the Tanger Outlet Center; and C. A listing of the advertising media used, the dates of use, and the type of advertisements placed. These reports will be due on January 15, 2001, April 15, 2001, July 15, 2001, and October 15, 2001. 6. This Agreement may be renewed under the same terms and conditions if both parties provide their wTitten consent to the renewal on or before September 30, 2001. 7. Neither party may assign its rights or obligations under this agreement without the written consent of the other party. All amendments to this agreement must be in writing and signed by both parties. 8. This Agreement shall be construed according to laws of the State of Texas. This agreement is performable in San Marcos, Hays County, Texas. S LIMITED PARTNERSHIP, ited partnership d Chief oard of Date: 'i -/'1 - u1) CITY OF SAN MARCOS, TEXAS By: ~.d~~ Larry . G' ey, City Ma ger Date: 8-29-00 C:\TEMPIT ANGER ADI.doc 2