O-2002-2591 - Laserfiche WebLink

Browse Search

e e SECTION IX. Thirty (30) days after September 30, the end of every fiscal year, the Chamber will furnish to City a performance report of its work under this contract, which shall reflect overall activity, meetings, conventions and conferences conducted, identity, and amount of advertising conducted, copies of literature produced as well as a description of direct mailings in the last year, and the expenditures during the year of the funds received pursuant to this contract. SECTION X. The City reserves the right to audit, utilizing its staff or outside assistance, the annual financial activity of the Chamber that relates to the use of hotel/motel funds. SECTION XI. It is understood and agreed that Chamber shall not in any sense be considered a partner or joint venturer with City, nor shall Chamber be considered nor in any manner hold itself out as an agent or official representative of City. Chamber shall be considered an independent contractor for the purposes of this agreement and shall in no manner incur any expenses or liability on behalf of City. SECTION XII. Chamber does further agree to hold City harmless from any and all claims by third parties for any injuries, damage or liability occasioned by Chamber in connection with this agreement. SECTION XIII. It is understood and agreed that this contract shall be terminated upon occurrence of any of the following events: a. The giving of written notice by either party to the party at least ninety (90) days prior to the date of termination; b. The termination of the corporate existence of Chamber; c. The insolvency of Chamber, the filing of a petition in bankruptcy, either by or against Chamber, or an assignment by Chamber for the benefit of creditors; d. The breach by Chamber of any of the terms and conditions of this agreement and the continuation of such breach for a period of ten (10) days after written notice is given by City to Chamber of such breach; SECTION XIV. In the event of the termination of this agreement as provided in Section XII hereof, Chamber shall submit to City a statement showing any expenses incurred by it for the present year in which said termination takes place and City agrees to reimburse Chamber, to the extent that said monies are collected from the Hotel Occupancy Tax during that year, an amount equal to the lesser of the expenses incurred by the Chamber during that year or the amount of tax collected for that year obligated by thisagreemCfllt. City also realizes that Chamber may have committed themselves to pay expenses for conventions or activities that will occur after the termination of