O-1983-1373 - Laserfiche WebLink

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. . -2- per cent (25%) of the amount actually collected by the City from the Hotel Occupancy Tax in any City fiscal year during the term of this agreement. 3. The City shall, on or before the 45th day following the end of each quarter, pay twenty-five per cent (25%) of any amount of the monies collected for that quarter, less one percent (1 %), to the Chamber. The quarters will end on the 31st day of March, the 30th day of June, the 30th day of September and the 31st day of December of each year. 4. The Chamber agrees that it will record expenditures involved in this program on a monthly basis in separate accounts. The books of account will be maintained in a form approved by the City Manager of the City of La Porte, and will be available for inspecting and copying by the City Manager, his duly authorized agents and repre- sentatives, during regular business hours of the Chamber. 5. Th irty days after the end of every year the Chamber will furnish to City a performance report of its work under this contract in a form determi.ned by the City Manager and which shall reflect overall activity, meetings, conventions and conferences conducted, identity and amounts 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. 6. 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 inde- pendent contractor for the purposes of this agreement and shall in no manner incur any expenses or liability on behalf of City.