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R98-50 AUTHORIZING AGREEMENT
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R98-50 AUTHORIZING AGREEMENT
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Last modified
4/12/2016 11:48:20 AM
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4/12/2016 11:48:20 AM
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Resolution/Ordinance
Res Ord Num
R98-50
Res Ord Title
AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
Approved Date
4/20/1998
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provided that, the City will furnish the Bureau an additional $12,500.00 over the term of this <br /> Agreement if such sum is matched by or from other sources. <br /> 3) Bu et. Attached to this Agreement as Exhibit A is a document entitled Projected <br /> Budget ("Budget") which said budget contains estimated expenditures by the Bureau from May <br /> 1, 1998 through April 30, 1999 in an amount equal to $192,500.00; as modified by Paragraph 2 <br /> above. <br /> 4) Use of Funds. The Budget (Exhibit A) is hereby approved by the parties hereto and <br /> the Bureau agrees to expend funds received from the City pursuant to the terms of this <br /> Agreement generally in accordance with the item specification contained in the budget for the <br /> fiscal year ending Apri130, 1999. The funds shall be used only to advance the purposes stated in <br /> the Articles of Incorporation of the Bureau. <br /> 5) Payment of Funds. The said sum of $192,500.00 shall be paid by the City to the <br /> Bureau upon specific requests in writing by the Bureau and as approved by the Director of <br /> Financial Management. <br /> 6) Bud�et for 1999/2000. The Bureau shall submit to the City on or befare February l, <br /> 1999, a projected budget of estimated expenditures, in accardance with the purposes of the <br /> Bureau, for the fiscal year beginning May 1, 1999, and ending April 30, 2000, provided, <br /> however, neither party hereto shall have any responsibility or obligation to the other party after <br /> the term of this Agreement has expired on April 30, 1999, unless and until a subsequent written <br /> agreement or written extension of this Agreement is entered into by such parties. <br />
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