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<br /> I ð/ It <br /> Page 2 <br /> appropriate participation with regional <br /> organizations and the Texas Department of Commerce; <br /> 4. creating a positive community attitude for <br /> development; <br /> 5. Encouraging and assisting existing businesses to <br /> -~~. expand; <br /> 6. Identifying and stimulating prospects interested in <br /> locating in the San Marcos area; <br /> 7. Identifying and stimulating prospects interested in <br /> loca'ting in the Austin-San Marcos-San Antonio <br /> Corridor, Central Texas Region, and State; <br /> 8. Developing a local contact committee to convey <br /> current information to prospects in an efficient, <br /> timely and cost-effective manner; and, <br /> 9. Updating the EDC fact book in a timely manner. <br /> B. The EDC and the Chamber shall autho}:"ize and make <br /> expenditures of EDC funds in conformity with the budget approved by <br /> the City Council and attached to this Agreement as Exhibit "A". <br /> This budget contains an itemization of costs to be separately <br /> incurred by the EDC and the Chamber during the year, including <br /> - without limitation costs for office space, employees, equipment, <br /> supplies, . , <br /> travel expenses and vehlcles. <br /> C. The EDC and the Chamber shall each designate two (2) <br /> officers authorized to co-sign checks written on all EDC accounts. <br /> The signature of at least one official of each organization shall <br /> be required on all checks written on EDC accounts. <br /> II. <br /> OBLIGATIONS OF EDC <br /> A. The EDC shall provide monthly reports of its activity to <br /> the city, including the following information: <br />