Res 2012-118 - Laserfiche WebLink

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CONTRACT FOR TOURISM PROMOTIONAL SERVICES This contract (the "Contract ") is effective October 1, 2012, and is between the City of San Marcos, Texas, a Texas municipal corporation (the "City "), and the San Marcos Area Chamber of Commerce (the "Chamber "). This Contract is entered into under CHAPTER 351 OF THE TEXAS TAX CODE. I. ALLOCATION OF FUNDS A. The City has enacted a hotel occupancy tax on rooms furnished by hotels and motels within the City. The City agrees to allocate funds from the revenue of this tax (the "CVB Funds ") to the Chamber, operating the San Marcos Convention and Visitor Bureau program, under TEXAs TAX CODE §351.101(c) for the performance of the services provided herein. The Chamber agrees that the total of all payments made by the City to the Chamber under this Contract will not exceed the Contract funding amounts approved by the San Marcos City Council. The parties executed an agreement under CHAPTER 172 OF THE TEXAS LOCAL GOVERNMENT CODE o n A p r i 1 1, 2010 , pursuant to which the City, through its risk pool, has agreed to provide health insurance to certain authorized individuals employed by the Chamber for employee health insurance coverage and the CVB incorporates the cost of said coverage for the benefits provided through the risk pool in its budget. B. On the first Friday of each month, the City will pay to the Chamber, monthly, 1/12 of the allocation of the CVB Funds. The CVB Funds allocated by the City may be applied toward administrative expenses incurred directly in fulfilling its responsibilities under this Contract. These administrative expenses shall be covered under this paragraph only when the expenses are incurred directly in the Chamber's tourism promotion activities. The Chamber shall track all administrative expenses 1