Laserfiche WebLink
<br /> -2- <br /> fiscal year, and in accordance with the general purposes <br /> of facilities maintenance described in Section <br /> 35l.1Øl(a)(1) of the Texas Tax Code, as amended. <br /> 3. City~s Agreement: The City agrees to pay to the <br />University the sum of Three Thousand and no/lØØ Dollars <br />($3,ØØØ.ØØ) towards the maintenance of the facilities of the <br />University used by the Riders and by the public in connection with <br />the Riders ~ 1992 home games. The City agrees to make this payment <br />not later than September 3Ø, 1992. <br /> 4. University~s Agreement: The University agrees to use the <br />payment made by the City only for the purpose of defraying its <br />maintenance expenses in connection with the Riders ~ home games as <br />described above. The University expressly acknowledges that the <br />use of these fund s is limited by reason of their nature as <br />Hotel-Motel tax revenues under Chapter 351 of the Texas Tax Code, <br />as amended. The University agrees to maintain complete and <br />accurate financial records regarding expenditures from this <br />payment, and shall make these records available for inspection and <br />review upon written request by the City Manager of the City. The <br />University agrees that if it cannot for any reason use all or any <br />part of the payment for the purposes specified, it shall <br />immediately refund the entire unused amount to the City. <br /> EXECUTED this 5th day of May , 1992. <br />