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R90-42 AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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R90-42 AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
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8/4/2016 4:24:46 PM
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8/4/2016 4:24:45 PM
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Resolution/Ordinance
Res Ord Num
R90-42
Res Ord Title
AUTHORIZING AGREEMENT DECATUR AREA CONVENTION AND VISITORS BUREAU
Approved Date
4/16/1990
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2 . Amount of Funds. The City agrees, subject to the <br /> conditions contained in this Agreement, to furnish the Bureau the <br /> sum of $172, 700 . 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 , 1990 <br /> through April 30 , 1991 , in an amount equal to $172 , 700 . 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, 1991 . 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 $172 , 700 . 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 1991-92 . The Bureau shall submit to the City <br /> on or before February 1 , 1991 , a projected budget of estimated <br /> expenditures, in accordance with the purposes of the Bureau, for <br /> the fiscal year beginning May l, 1991 and ending April 30 , 1992, <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 , 1991 , unless and until a <br /> subsequent written agreement or written extension of this <br /> Agreement is entered into by such parties. <br />
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