Laserfiche WebLink
<br /> I']};) <br /> Page 5 <br /> be non-voting, ex-officio members of the Convention and Visitors Bureau Board. <br /> E. Purchases made with CVB funds which exceed $1000 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 made with CVB funds shall not be restricted to Cham~er members. <br /> --, <br /> i Members of the Board shall not have an ownership interest in any company from which a <br /> ! <br /> l purchase or purchases of $7,500 or more annually are made with CVB funds. <br /> F. The Chamber shall obtain the advice and counsel of the Board as to the hiring <br /> and firing of mi?nagement-Ievel Chamber employees responsible for activities under this <br /> Agreement. <br /> G. The Board and the Chamber shall each designate 2 officers authorized to co- <br /> sign checks written on all accounts for CVB funds, The signature of at least one official of <br /> . <br /> each organization is required on all checks over $250 in amount written on accounts for <br /> CVB funds. Checks in the amount of $250 or less written on these accounts require only <br /> one official signature. <br /> H, The Board and the Chamber shall give advance public notice of meetings of the <br /> Board, and shall allow members of the public to attend these meetings. <br /> 4. <br /> FUNDING FOR THE ARTS <br /> A. The City specifically stipulates and the Chamber hereby agrees tha~ 13% of the <br /> annual amount of all funds collected by City and paid to Chamber under this Agreement <br /> from the hotel occupancy tax will be allocated by the Chamber annually to funding for the <br /> arts as set out in Section 351,101 (a)(4) of the Texas Tax Code, No funds under this <br />