Res 1998-182 - Laserfiche WebLink

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Page 4 1. The boards of the EDC and Chamber shall focus their efforts in striving to fulfill the mission ofthe EDC. 2. Board Members shall not exercise authority as a board member except when acting in a meeting with the full board or when delegated that authority by the full board. Goal No.8: Increase Communication with the City and the County. Strategy- Meet with City and County officials on a regular basis. Actions: 1. Provide monthly updates on the activities and progress towards goals of the EDC. 2. Meet with appropriate boards and staff on a regular basis to monitor and facilitate economic activity in San Marcos and Hays County. B. The EDC and the Chamber shall authorize and make expenditures ofEDC funds in conformity with the budget approved by the City Council and attached to this Agreement as Exhibit "A". This budget contains an itemization of costs to be separately incurred by the EDC and the Chamber during the year, including without limitation costs for office space, employees, equipment, supplies, travel expenses and vehicles. C. The EDC and the Chamber shall each designate two (2) officers authorized to co- sign checks written on all EDC accounts. The signature of at least one official of each organization shall be required on all checks over $250 in amount written on EDC accounts. Checks in the amount of $250 or less written on these accounts require only one official signature. 2. OBLIGATIONS OF EDC A. On or before June 1, 1999, the EDC shall provide a performance report to the City describing the extent to which each of the goals described in Section I.A above has been met. B. The EDC shall provide monthly reports of its activity to the City, including the following information: 1. List of new prospect contacts.