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R94-50 AUTHROZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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R94-50 AUTHROZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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7/13/2016 4:29:51 PM
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7/13/2016 4:29:51 PM
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Resolution/Ordinance
Res Ord Num
R94-50
Res Ord Title
AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
Approved Date
5/2/1994
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3) Budget. Attached to this Agreement as Exhibit A is a ; <br /> document entitled Projected Budget ("Budget") which said budget <br /> contains estimated expenditures by the Bureau from May 1, 1994, , <br /> through April 30, 1995, in an amount equal to $187, 500. 00. ' <br /> 4) Use of Funds. The Budget (Exhibit A) is hereby approved ' <br /> by the parties hereto and the Bureau agrees to expend funds <br /> received from the City pursuant to the terms of this Agreement <br /> generally in accordance with the item specification contained in <br /> the budget for the fiscal year ending April 30, 1995. The funds <br /> shall be used only to advance the purposes stated in the Articles <br /> of Incorporation of the Bureau. <br /> 5) Payment of Funds. The said sum of $187, 500. 00 shall be <br /> paid by the City to the Bureau upon specific requests in writing ', <br /> by the Bureau and as approved by the Director of Financial I <br /> Management. �' <br /> 6) Budget for 1995/96. The Bureau shall submit to the City �I <br /> on or before February l, 1995, a projected budget of estimated �I <br /> expenditures, in accordance with the purposes of the Bureau, for �', <br /> the fiscal year beginning May 1, 1995, and ending April 30, 1996, IIi <br /> provided, however, neither party hereto shall have any I <br /> responsibility or obligation to the other party after the term of ��, <br /> this Agreement has expired on April 30, 1995, unless and until a �, <br /> subsequent written agreement or written extension of this II <br /> Agreement is entered into by such parties. I <br /> 7) Independent Status. Neither the City nor the Bureau i <br /> shall be considered the agent of the other, and, each party shall <br />
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