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<br />Page 4 <br /> <br />Actions: <br />1. The boards of the EDC and Chamber shall focus their efforts in striving to <br />fulfill the mission of the EDC. <br />2. Board Members shall not exercise authority as a board member except when <br />acting in a meeting with the full board or when delegated that authority by the <br />full board. <br />Goal No.8: Increase Communication with the City and the County. <br />Strategy- Meet with City and County officials on a regular basis. <br />Actions: <br />1. Provide monthly updates on the activities and progress towards goals of the <br />EDC. <br />2. Meet with appropriate boards and staff on a regular basis to monitor and <br />facilitate economic activity in San Marcos and Hays County. <br />B. The EDC and the Chamber shall authorize and make expenditures ofEDC funds <br />in conformity with the budget approved by the City Council and attached to this Agreement <br />as Exhibit A. This budget contains an itemization of costs to be separately incurred by the <br />EDC and the Chamber during the year, including without limitation costs for office space, <br />employees, equipment, supplies, travel expenseS and vehicles. <br />C. The EDC and the Chamber shall each designate two (2) officers authorized to co- <br />sign checks written on all EDC accounts. The signature of at least one official of each <br />organization shall be required on all checks over $250 in amount written on EDC accounts. <br />Checks in the amount of $250 or less written on these accounts require only one official <br />signature. <br /> <br />2. OBLIGATIONS OF EDC <br />A. On or before June 1,2000, the EDC shall provide a performance report to the City <br />describing the extent to which each of the goals described in Section I.A above has been <br />met. <br />