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Res 1991-126
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Res 1991-126
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7/20/2007 9:57:45 AM
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7/20/2007 9:57:45 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
1991-126
Date
10/14/1991
Volume Book
104
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<br />Page 2 <br /> <br />responsibilities under this Agreement. These operating and <br />administrative expenses shall not exceed $73,541 of the total <br />allocation of hotel occupancy tax funds received by the <br />Chamber from the City, and shall be used only when costs are <br />incurred directly in the Chamber's tourism promotion activities. <br />C. The Chamber shall maintain funds provided by the City <br />under this Agreement ("CVB funds") in a separate account <br />established for that purpose, and the Chamber may not commingle <br />that revenue with any other money or maintain it in any other <br />account. <br />D. The Chamber shall maintain complete and accurate financial <br />records of each expenditure of CVB funds and, at the request of the <br />city Manager or his designee, or of any other person, shall make <br />the records available for inspection and review during normal <br />business hours. <br /> <br />2. <br />USE OF FUNDS <br />A. The Chamber shall expend CVB funds for general promotional <br />and tourist advertising for the City of San Marcos and conducting <br />a solicitation and operating program to attract conventions and <br />visitors to the city. <br />B. The Chamber shall make these expenditures in conformance <br />with and in proportion to the budget which is marked Exhibit "A" <br />and attached to this Agreement for all intents and purposes as <br />though fully set out herein. The Chamber acknowledges that the <br />
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