Res 1998-180 - Laserfiche WebLink

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Page 3 purchase or purchases of $7,500 or more annually are made with CVB funds. E. The Chamber shall obtain the advice of the Board as to the hiring and firing of management-level Chamber employees responsible for activities under this Contract. The Chamber President has day-to-day management responsibilities for Chamber employees involved in activities under this Agreement. G. The Board and the Chamber shall each designate two officers authorized to co- sign checks written on all accounts for CVB funds. The signature of at least one official of each organization is required on all checks over $250 in amount written on accounts for CVB funds. Checks in the amount of $250 or less written on these accounts require only one official signature. H. The Board and the Chamber shall give advance public notice of meetings of the Board, and shall allow members ofthe public to attend these meetings. The Board is subject to State laws and City ordinances which apply generally to City boards and commissions, including those requiring disclosure of conflicts of interest and abstention from participation in decisions involving conflicts of interest. 4. TERM; TERMINATION A. The term of this Contract shall be from October 1, 1998 through September 30, 1999. It is expressly agreed that either party may cancel this Contract by tendering written notice to the other. This Contract will terminate 30 days from the date of the written notice, or on any date specified in the notice after the 30 day period. B. Any funds allocated to the Chamber by the City which are unencumbered or unexpended on the date of the termination of this Contract shall be remitted to City within 30 days from the date of the termination; provided, that ifthe parties execute a new contract to renew the Chamber's tourism promotion services and activities, the Chamber may use the funds for its usual and customary expenses until the date of its first allocation of funds under the new contract, when it will remit the remaining funds under this Contract to the City.