Res 1990-110 - Laserfiche WebLink

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3 Council consisting of nine (9) voting members shall be formed to serve as an advisory committee to the Chamber and funds allocated to the Chamber from this Agreement shall be expended only with the advice and consent of this Council. The members of this Council shall be selected as follows: two (2) members appointed by the San Marcos Chamber of Commerce, two (2) members appointed by the Hispanic Chamber of Commerce, two (2) members appointed by the City Council, one (1) member appointed by the Hotel Motel Association, one (1) member appointed by the Heritage Association and one (1) member representative of the Arts community to be selected by the City Council. The City Manager of the City and the President of the Chamber or their designees shall be non-voting, ex-officio members of the Convention and visitors Bureau Council. 4. FUNDING FOR THE ARTS The City specifically stipulates and the Chamber hereby agrees that at least Fifteen Thousand Dollars ($15,000) or one half (1/2) of one per cent (1%) of the annual amount of all funds collected by City and paid to Chamber under this Agreement from the hotel occupancy tax, whichever is greater, will be allocated by the Chamber annually to funding for the arts as set out in Section 26- 21(d) of the Code of Ordinances of the city. However, under no circumstances will more than fourteen per cent (14%) of the funds paid to the Chamber under this Agreement be allocated for these purposes, nor will any funds be awarded to any taxing unit as that phrase is defined in section 1.04 of the Texas Tax Code.