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<br />Page 5 <br />B. The EDC shall provide monthly reports of its activity to the City, including the <br />following information: <br />1. List of new prospect contacts. <br />2. List of pending prospects with status of each. <br />3. Summary description of staff activity. <br />4. Monthly and year-to-date revenues and expenditures. <br />C. Purchases made with EDC funds which exceed $1,000 in amount shall be made <br />from the low responsible bidder, and at least three bids shall be obtained for each such <br />purchase. Purchases with EDC funds shall not be restricted to Chamber members. EDC <br />Board members shall not have an ownership interest in any company from which a purchase <br />or purchases of $7,500 or more annually are made with EDC funds. EDC Board members <br />shall disclose any private interests they have in matters coming before the EDC Board for <br />decision when action on the matter may have a special economic effect on those interests, <br />and they shall abstain from the discussions and votes on those matters. <br />D. EDC shall not discriminate against any person, firm or organization in connection <br />with this Agreement on the basis of ability to pay, age, sex, disability, race, nationality, or <br />religion. <br />E. EDC shall not assign any interest in this Agreement nor delegate the performance <br />of any of its duties without the prior written consent of the City and Chamber. <br />F. The EDC shall retain the current composition of its Board of Directors as follows: <br /> <br />Appointing Authority <br />San Marcos City Council <br /> <br /># of Appts. <br /> <br />1 <br />1 <br />1 <br />1 <br />1 <br />3 <br />2 <br />1 <br />1 <br /> <br />" <br /> <br />" <br /> <br />" <br /> <br />" <br /> <br />" <br /> <br />Hays County Comm'rs Court <br />San Marcos Manuf. Assn <br />San Marcos Area Chamber <br /> <br />Source of Appointments <br /> <br />San Marcos Hispanic Chamber <br />Council of Neighborhood Assns. <br />San Marcos Area Board of Realtors <br />San Marcos Industrial Foundation <br />San Marcos resident <br />San Marcos City Council <br />Hays County residents <br />Association members <br />Chamber member <br />