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R92-52 AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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R92-52 AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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7/22/2016 4:20:25 PM
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7/22/2016 4:20:25 PM
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Resolution/Ordinance
Res Ord Num
R92-52
Res Ord Title
AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
Approved Date
4/20/1992
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. . , , <br /> sum of $187 ,500 .00 over the term of this Agreement. <br /> 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 , 1992 , <br /> through April 30 , 1993 , 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 , 1993 . 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 <br /> Management. <br /> 6) Budget for 1993/94 . The Bureau shall submit to the City <br /> on or before February 1 , 1993 , a projected budget of estimated <br /> expenditures, in accordance with the purposes of the Bureau, for <br /> the fiscal year beginning May l , 1993 , and ending April 30 , 1994 , <br /> provided, however, neither party hereto shall have any <br /> responsibility or obligation to the other party after the term of <br /> this Agreement has expired on April 30 , 1993 , unless and until a <br /> subsequent written agreement or written extension of this <br /> Aqreement is entered into by such parties. <br /> 7) Independent Status. Neither the City nor the Bureau <br /> shall be considered the agent of the other, and, each party shall <br />
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