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<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 /> III. <br />A. City agrees to observe all laws governing confidentiality <br />of information when reviewing EDC and Chamber records. <br />B. City agrees to pay EDC and Chamber, jointly Sixty Thousand <br />Dollars ($60,000.00) on the effective date of this agreement. <br /> IV. <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 />B. EDC and Chamber agree to maintain financial portions of <br />these records in accordance with generally accepted accounting <br />principles. <br />C. EDC and Chamber agree to retain the records for one year <br />after termination of this contract. <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 /> V. <br />The Services described in this agreement shall commence and <br />become effective on the day all parties hereto have fully executed <br />this agreement, and shall terminate one year after that date. <br /> CITY OF S~ MARCOS <br /> d... / j ¡lilt Date: \,ol.')~/9Ò <br /> Larry"'rb Gïlle~ <br /> City Manager <br />