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<br />II. <br /> <br />A. Chamber shall provide necessary skilled and knowledgeable <br />personnel, equipment, supplies, and vehicles for the <br />administration and operation of the economic development services <br />required herein. <br /> <br />B. Chamber shall provide office facilities at the San Marcos <br />Chamber of Commerce building and utilities to EDC sufficient to <br />allow EDC to carry out the economic development services described <br />herein. <br /> <br />~. Chamber shall not refuse any of the services described in this <br />igreement to any person, firm or organization because of inability <br />co pay, age, sex, disability, race, nationality, or religion. <br /> <br />D. Chamber shall not assign any interest in this contract nor <br />delegate the performance of any of its duties without the prior <br />written consent of City and EDC. <br /> <br />III. <br /> <br />A. City agrees to observe all laws governing confidentiality of <br />information when reviewing EDC and Chamber records. <br /> <br />B. City agrees to pay EDC and Chamber, jointly, Forty Thousand <br />Dollars ($40,000.00) on the effective date of this agreement. <br /> <br />IV. <br /> <br />A. EDC and Chamber agree to provide access to an authorized <br />representative of City to their records pertaining to performance <br />under this contract during reasonable working hours. <br /> <br />B. EDC and Chamber agree to maintain financial portions of these <br />records in accordance with generally accepted accounting <br />principles. <br /> <br />C. EDC and Chamber agree to retain the records for one year after <br />termination of this contract. <br /> <br />D. EDC and Chamber agree to submit to the City an annual <br />financial report and an audit prepared by a certified public <br />accountant. <br /> <br />V. <br /> <br />The Services described in this agreement shall commence and become <br />effective on the day all parties hereto have fully executed this <br />agreement, and shall terminate one year after that date. <br /> <br />CITY OF SAN MARCOS <br /> <br />4 j ¡i~t <br />Larry D. ~lléy ~ <br />City Manager <br /> <br />Date: 1-11-90 <br /> <br />-2- <br />