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<br /> Page 3 <br /> City's approval of this budget creates a fiduciary duty in the <br /> Chamber with respect to the revenue provided by the City to the <br /> Chamber under this Agreement. <br /> C. The Chamber shall submit to the City a monthly report of <br /> activities and expenditures resulting from previously allocated CVB <br /> funds. <br /> 3. <br /> CONVENTION AND VISITORS BUREAU COUNCIL <br /> A. A Convention and Visitors Bureau Council (the "Council") <br /> consisting of eleven (11) members, including a chairperson, is <br /> constituted to manage and provide oversight for the Chamber's <br /> performance under this Agreement. The chairperson of the Council <br /> shall be a non-voting member of the Council except, if the <br /> chairperson's vote is necessary to determine the outcome of a vote <br /> among the quorum present at a meeting of the Council, the <br /> chairperson may vote. <br /> B. The Council shall be responsible for formulation of the <br /> budget for this Agreement and for any continuation or renewal of <br /> this Agreement. The Budget shall contain an itemization of <br /> proposed expenditures for office space, personnel, equipment, <br /> supplies, vehicles, and other expenses to be incurred by the <br /> Chamber in performing this Agreement. <br /> C. CVB funds allocated to the Chamber from this Agreement <br /> shall be expended only with the advice and counsel of this Council. <br /> D. The members of this Council shall be selected as follows: <br />